Leidos (NYSE:LDOS) PT Raised to $145.00

Leidos (NYSE:LDOS) had its price objective lifted by Bank of America from $125.00 to $145.00 in a research note released on Wednesday morning, Benzinga reports. Bank of America currently has a buy rating on the aerospace company’s stock.

A number of other research analysts also recently issued reports on the stock. TheStreet upgraded shares of Leidos from a c rating to a b rating in a research note on Tuesday, February 13th. Robert W. Baird lifted their price target on shares of Leidos from $133.00 to $145.00 and gave the stock an outperform rating in a research note on Wednesday, February 14th. StockNews.com upgraded shares of Leidos from a buy rating to a strong-buy rating in a research note on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on shares of Leidos from $129.00 to $137.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. Finally, Barclays upgraded shares of Leidos from an equal weight rating to an overweight rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $129.91.

Leidos Price Performance

Shares of LDOS opened at $131.09 on Wednesday. Leidos has a 1-year low of $76.58 and a 1-year high of $131.50. The stock has a market cap of $17.71 billion, a PE ratio of 92.32, a P/E/G ratio of 2.07 and a beta of 0.70. The firm has a 50-day simple moving average of $121.74 and a two-hundred day simple moving average of $108.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.25. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that Leidos will post 7.75 EPS for the current year.

Leidos Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.38 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.52 annualized dividend and a yield of 1.16%. Leidos’s dividend payout ratio (DPR) is 107.04%.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Leidos news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total value of $1,007,005.86. Following the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,745 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

Hedge Funds Weigh In On Leidos

Institutional investors have recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Leidos by 7.8% during the 3rd quarter. Northern Trust Corp now owns 1,143,664 shares of the aerospace company’s stock worth $105,400,000 after purchasing an additional 82,447 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Leidos by 134.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 14,114 shares of the aerospace company’s stock worth $1,301,000 after buying an additional 8,106 shares in the last quarter. Creative Planning lifted its holdings in Leidos by 15.6% in the 3rd quarter. Creative Planning now owns 95,319 shares of the aerospace company’s stock valued at $8,785,000 after purchasing an additional 12,839 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Leidos by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,161,653 shares of the aerospace company’s stock valued at $107,058,000 after purchasing an additional 16,250 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in Leidos in the 3rd quarter valued at about $381,000. 76.12% of the stock is owned by institutional investors and hedge funds.

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.