Leidos (NYSE:LDOS) Price Target Raised to $230.00 at Wells Fargo & Company

Leidos (NYSE:LDOS) had its target price lifted by Wells Fargo & Company from $183.00 to $230.00 in a research note published on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company’s stock.

A number of other research firms also recently weighed in on LDOS. The Goldman Sachs Group increased their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays raised their target price on Leidos from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada upped their price target on Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday. Truist Financial lifted their price objective on shares of Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Bank of America upped their target price on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

Leidos Price Performance

Leidos stock opened at $182.97 on Wednesday. The stock has a market cap of $24.41 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.45 and a beta of 0.68. Leidos has a 12-month low of $100.17 and a 12-month high of $188.36. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. The business’s 50-day simple moving average is $163.05 and its 200 day simple moving average is $151.37.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the company earned $2.03 EPS. Leidos’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Leidos will post 10.07 earnings per share for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. Leidos’s dividend payout ratio (DPR) is currently 17.31%.

Insider Activity

In other news, Director Gary Stephen May sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Several large investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its position in shares of Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after buying an additional 691,575 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Leidos by 1,184.3% in the second quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after purchasing an additional 462,792 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Leidos by 24,194.3% in the third quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock valued at $61,459,000 after purchasing an additional 375,495 shares during the period. AQR Capital Management LLC lifted its stake in shares of Leidos by 76.9% during the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after buying an additional 303,775 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Leidos by 138.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock worth $67,840,000 after buying an additional 300,486 shares during the last quarter. 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.