Leidos (NYSE:LDOS) Given New $175.00 Price Target at JPMorgan Chase & Co.

Leidos (NYSE:LDOS) had its price objective increased by JPMorgan Chase & Co. from $165.00 to $175.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Several other research analysts also recently commented on the company. Stifel Nicolaus raised their price objective on Leidos from $160.00 to $165.00 and gave the stock a buy rating in a research note on Monday, June 24th. Jefferies Financial Group increased their price objective on shares of Leidos from $130.00 to $135.00 and gave the stock a hold rating in a research note on Wednesday, April 10th. StockNews.com upgraded shares of Leidos from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Truist Financial reaffirmed a buy rating and set a $165.00 price objective (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Finally, Royal Bank of Canada lifted their target price on Leidos from $140.00 to $145.00 and gave the stock a sector perform rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Leidos has an average rating of Moderate Buy and an average target price of $160.17.

Leidos Stock Performance

Shares of LDOS opened at $145.39 on Wednesday. The firm has a market capitalization of $19.59 billion, a P/E ratio of 62.67, a PEG ratio of 1.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.24. Leidos has a one year low of $89.22 and a one year high of $155.45. The business has a fifty day moving average of $147.13 and a 200 day moving average of $134.62.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. As a group, sell-side analysts anticipate that Leidos will post 8.87 EPS for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s payout ratio is 65.52%.

Insider Activity

In related news, insider Roy E. Stevens sold 875 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. National Bank of Canada FI boosted its position in Leidos by 127.0% in the 2nd quarter. National Bank of Canada FI now owns 194,867 shares of the aerospace company’s stock valued at $28,365,000 after buying an additional 109,030 shares during the period. Larson Financial Group LLC increased its stake in shares of Leidos by 18.1% during the second quarter. Larson Financial Group LLC now owns 2,416 shares of the aerospace company’s stock valued at $352,000 after buying an additional 370 shares during the period. TIAA Trust National Association bought a new stake in shares of Leidos in the second quarter valued at about $201,000. Carret Asset Management LLC purchased a new stake in Leidos in the second quarter worth about $220,000. Finally, Versor Investments LP bought a new position in Leidos during the 2nd quarter worth about $1,079,000. Institutional investors own 76.12% of the company’s stock.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.