Cowen and Company reissued their buy rating on shares of Leidos Holdings, Inc. (NYSE:LDOS) in a research note issued to investors on Thursday. They currently have a $68.00 price target on the aerospace company’s stock.

A number of other brokerages have also weighed in on LDOS. Jefferies Group LLC reiterated a buy rating and issued a $75.00 price target on shares of Leidos Holdings in a report on Thursday, October 5th. Argus lifted their price target on shares of Leidos Holdings from $62.00 to $64.00 and gave the company a buy rating in a report on Thursday, August 31st. BidaskClub upgraded shares of Leidos Holdings from a sell rating to a hold rating in a report on Friday, September 1st. TheStreet lowered shares of Leidos Holdings from a b- rating to a c+ rating in a report on Thursday, September 7th. Finally, Zacks Investment Research lowered shares of Leidos Holdings from a buy rating to a hold rating in a report on Tuesday, July 18th. Ten investment analysts have rated the stock with a buy rating, Leidos Holdings currently has an average rating of Buy and an average target price of $64.56.

Shares of Leidos Holdings (LDOS) traded up 0.71% during mid-day trading on Thursday, reaching $62.76. The company’s stock had a trading volume of 1,066,661 shares. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 28.12 and a beta of 1.72. Leidos Holdings has a 1-year low of $40.96 and a 1-year high of $63.08. The firm’s 50 day moving average price is $58.92 and its 200-day moving average price is $54.92.

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 Zacks’ consensus estimate of $0.77 by $0.27. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. Leidos Holdings’s revenue for the quarter was up 99.6% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. On average, analysts predict that Leidos Holdings will post $3.56 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, September 15th. Leidos Holdings’s dividend payout ratio is presently 55.65%.

In other news, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction on 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 approximately $372,410. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jerald S. Howe, Jr. bought 2,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the purchase, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Leidos Holdings by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after acquiring an additional 18 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Leidos Holdings by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after acquiring an additional 513 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Leidos Holdings by 2.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after acquiring an additional 44 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Leidos Holdings by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after acquiring an additional 2,254 shares during the period. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Leidos Holdings in the 2nd quarter valued at $174,000. 74.54% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Leidos Holdings (NYSE:LDOS)

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