Leidos (NYSE:LDOS) Price Target Raised to $175.00

Leidos (NYSE:LDOS) had its price objective hoisted by BNP Paribas Exane from $165.00 to $175.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

A number of other equities research analysts have also recently weighed in on LDOS. TD Cowen cut their price objective on shares of Leidos from $160.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Jefferies Financial Group decreased their target price on shares of Leidos from $140.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company set a $125.00 target price on shares of Leidos in a research note on Wednesday, June 17th. Bank of America restated a “neutral” rating and set a $125.00 price target (down from $200.00) on shares of Leidos in a research report on Wednesday, June 17th. Finally, Weiss Ratings cut shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. One investment 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 company’s stock. Based on data from MarketBeat, Leidos currently has a consensus rating of “Hold” and a consensus price target of $157.73.

Leidos Trading Up 1.7%

NYSE:LDOS opened at $137.57 on Wednesday. The business has a 50 day simple moving average of $113.47 and a 200 day simple moving average of $144.54. The firm has a market capitalization of $17.26 billion, a P/E ratio of 12.83, a P/E/G ratio of 1.97 and a beta of 0.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.29. Leidos has a 12-month low of $98.86 and a 12-month high of $205.77.

Leidos (NYSE:LDOS) last issued its quarterly earnings data 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 return on equity of 30.81% and a net margin of 7.80%.The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the company posted $3.21 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Equities research analysts predict that Leidos will post 12.38 EPS for the current year.

Leidos Announces Dividend

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

Leidos declared that its Board of Directors has initiated a share buyback program on Friday, July 31st that authorizes the company to buyback 20,000,000 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Leidos

A number of hedge funds have recently bought and sold shares of the stock. Focus Partners Wealth grew its holdings in shares of Leidos by 46.5% during the 1st quarter. Focus Partners Wealth now owns 3,073 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 976 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Leidos by 86.3% during the second quarter. Marshall Wace LLP now owns 14,250 shares of the aerospace company’s stock valued at $2,248,000 after purchasing an additional 6,600 shares during the last quarter. Cresset Asset Management LLC raised its position in Leidos by 2.7% in the 2nd quarter. Cresset Asset Management LLC now owns 3,399 shares of the aerospace company’s stock worth $536,000 after purchasing an additional 90 shares during the last quarter. Cerity Partners LLC raised its position in Leidos by 20.2% in the 2nd quarter. Cerity Partners LLC now owns 41,405 shares of the aerospace company’s stock worth $6,532,000 after purchasing an additional 6,962 shares during the last quarter. Finally, Natixis lifted its holdings in Leidos by 222.3% during the 2nd quarter. Natixis now owns 8,155 shares of the aerospace company’s stock worth $1,287,000 after buying an additional 5,625 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.