Brokerages Set Leidos Holdings, Inc. (LDOS) PT at $61.78
Shares of Leidos Holdings, Inc. (NYSE:LDOS) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $61.78.
LDOS has been the topic of several recent research reports. TheStreet cut shares of Leidos Holdings from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Argus boosted their price target on shares of Leidos Holdings from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. Cowen and Company reissued an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Leidos Holdings in a research report on Wednesday, August 9th. BidaskClub raised shares of Leidos Holdings from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Leidos Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th.
Leidos Holdings (NYSE LDOS) traded up 0.96% during midday trading on Wednesday, hitting $58.83. 769,126 shares of the stock traded hands. Leidos Holdings has a 52-week low of $40.96 and a 52-week high of $59.23. The stock has a 50-day moving average of $56.59 and a 200 day moving average of $53.99. The firm has a market cap of $8.90 billion, a PE ratio of 26.36 and a beta of 1.71.
Leidos Holdings (NYSE:LDOS) last announced its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.27. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The company’s revenue was up 99.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. Equities analysts forecast that Leidos Holdings will post $3.55 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be given a $0.32 dividend. The ex-dividend date is Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.18%. Leidos Holdings’s payout ratio is currently 55.65%.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $55.75, for a total value of $44,600.00. Following the transaction, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jerald S. Howe, Jr. bought 2,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of LDOS. Russell Investments Group Ltd. lifted its position in Leidos Holdings by 66.1% in the first quarter. Russell Investments Group Ltd. now owns 137,581 shares of the aerospace company’s stock valued at $7,036,000 after buying an additional 54,742 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Leidos Holdings during the first quarter worth about $247,000. US Bancorp DE lifted its position in shares of Leidos Holdings by 18.1% during the first quarter. US Bancorp DE now owns 27,992 shares of the aerospace company’s stock worth $1,431,000 after purchasing an additional 4,285 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Leidos Holdings by 22.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,268 shares of the aerospace company’s stock worth $627,000 after purchasing an additional 2,222 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Leidos Holdings by 1.0% during the first quarter. Swiss National Bank now owns 223,776 shares of the aerospace company’s stock worth $11,444,000 after purchasing an additional 2,200 shares in the last quarter. 74.54% of the stock is currently owned by institutional investors.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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