Leidos Holdings, Inc. (NYSE:LDOS) Receives $163.08 Average PT from Brokerages

Shares of Leidos Holdings, Inc. (NYSE:LDOS) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $163.08.

A number of research analysts have commented on the company. TD Cowen boosted their price objective on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Leidos from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price target on shares of Leidos from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, Truist Financial raised their target price on Leidos from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, September 5th.

Leidos Stock Up 0.6 %

Shares of NYSE:LDOS opened at $157.06 on Monday. The stock has a 50-day simple moving average of $151.25 and a 200-day simple moving average of $142.91. The stock has a market capitalization of $21.16 billion, a P/E ratio of 67.70, a PEG ratio of 1.38 and a beta of 0.70. Leidos has a 1 year low of $89.22 and a 1 year high of $159.10. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the previous year, the firm earned $1.80 earnings per share. Leidos’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts forecast that Leidos will post 8.95 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. Leidos’s dividend payout ratio (DPR) is 65.52%.

Insider Activity

In other Leidos news, Director Gary Stephen May sold 1,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Leidos news, CEO Thomas Arthur Bell purchased 1,712 shares of the stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $145.04 per share, with a total value of $248,308.48. Following the completion of the acquisition, the chief executive officer now owns 22,398 shares of the company’s stock, valued at $3,248,605.92. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

Several large investors have recently bought and sold shares of the stock. 1832 Asset Management L.P. bought a new stake in shares of Leidos in the 2nd quarter worth $34,000. Tidemark LLC acquired a new position in Leidos during the fourth quarter worth about $41,000. Blue Trust Inc. raised its position in Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 201 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after acquiring an additional 169 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Leidos during the 4th quarter valued at about $49,000. Institutional investors and hedge funds 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.