Shares of Leidos Holdings Inc. (NYSE:LDOS) have been given an average recommendation of “Buy” by the eleven ratings firms that are covering the stock. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $51.50.
LDOS has been the subject of a number of research reports. Zacks Investment Research upgraded Leidos Holdings from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, October 5th. Wells Fargo & Co. restated a “hold” rating on shares of Leidos Holdings in a report on Monday, July 11th. Credit Suisse Group AG raised their price target on Leidos Holdings from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Jefferies Group restated a “hold” rating on shares of Leidos Holdings in a report on Monday, August 1st. Finally, Citigroup Inc. initiated coverage on Leidos Holdings in a report on Tuesday, September 6th. They set a “buy” rating and a $47.00 price target for the company.
Shares of Leidos Holdings (NYSE:LDOS) opened at 41.56 on Thursday. The company has a 50-day moving average price of $42.05 and a 200-day moving average price of $47.00. Leidos Holdings has a 52 week low of $37.79 and a 52 week high of $59.52. The company has a market capitalization of $3.03 billion, a PE ratio of 10.92 and a beta of 1.38.
Leidos Holdings (NYSE:LDOS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by $0.05. The firm earned $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Leidos Holdings had a return on equity of 20.06% and a net margin of 5.13%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts predict that Leidos Holdings will post $3.15 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $1.28 annualized dividend and a dividend yield of 3.08%. Leidos Holdings’s dividend payout ratio (DPR) is presently 35.56%.
In other Leidos Holdings news, Director Surya N. Mohapatra acquired 3,575 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were bought at an average cost of $41.48 per share, with a total value of $148,291.00. Following the completion of the transaction, the director now directly owns 6,143 shares of the company’s stock, valued at approximately $254,811.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Leidos Holdings by 5.2% in the second quarter. Vanguard Group Inc. now owns 6,803,065 shares of the company’s stock valued at $325,663,000 after buying an additional 337,766 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Leidos Holdings by 4.8% in the second quarter. BlackRock Fund Advisors now owns 2,328,686 shares of the company’s stock valued at $111,474,000 after buying an additional 106,486 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Leidos Holdings by 5.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,238,035 shares of the company’s stock valued at $112,618,000 after buying an additional 113,970 shares during the last quarter. State Street Corp boosted its position in shares of Leidos Holdings by 0.7% in the first quarter. State Street Corp now owns 1,914,603 shares of the company’s stock valued at $96,346,000 after buying an additional 13,201 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Leidos Holdings by 594.3% in the second quarter. Ameriprise Financial Inc. now owns 1,703,529 shares of the company’s stock valued at $81,548,000 after buying an additional 1,458,156 shares during the last quarter. 61.17% of the stock is currently owned by institutional investors and hedge funds.
About Leidos Holdings
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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