Leidos (NYSE:LDOS) Price Target Raised to $135.00

Leidos (NYSE:LDOS) had its target price boosted by Bank of America from $125.00 to $135.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the aerospace company’s stock.

Several other equities research analysts also recently issued reports on the stock. Truist Financial decreased their price objective on shares of Leidos from $195.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Jefferies Financial Group reissued a “hold” rating and issued a $145.00 target price on shares of Leidos in a research note on Sunday, August 9th. Royal Bank Of Canada reduced their target price on shares of Leidos from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a research report on Thursday, July 16th. Finally, UBS Group increased their price target on Leidos from $124.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $163.60.

Leidos Stock Performance

Leidos stock opened at $127.51 on Friday. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.56. Leidos has a 12 month low of $98.86 and a 12 month high of $205.77. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.60. The stock’s 50-day moving average is $127.89 and its 200-day moving average is $134.51.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.35. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company earned $3.21 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Equities analysts anticipate that Leidos will post 12.27 earnings per share for the current year.

Leidos declared that its board has approved a stock buyback plan on Friday, July 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Leidos’s dividend payout ratio is presently 16.04%.

Insider Buying and Selling

In related news, Director Gary May sold 1,000 shares of Leidos stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total value of $140,850.00. Following the completion of the sale, the director owned 10,204 shares in the company, valued at approximately $1,437,233.40. The trade was a 8.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Geer sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $140.66, for a total transaction of $1,406,600.00. Following the completion of the sale, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Leidos

Hedge funds and other institutional investors have recently bought and sold shares of the company. Longview Financial Advisors Inc. bought a new position in Leidos during the 1st quarter worth approximately $26,000. Hantz Financial Services Inc. raised its position in shares of Leidos by 94.7% during the 4th quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Leidos during the 4th quarter valued at approximately $28,000. Kelleher Financial Advisors bought a new position in Leidos during the second quarter worth $28,000. Finally, Manchester Capital Management LLC lifted its stake in Leidos by 6,366.7% during the fourth quarter. Manchester Capital Management LLC now owns 194 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 191 shares during the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Company Profile

Leidos Holdings, Inc (NYSE: LDOS) is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.

Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.