Analysts Set Leidos Holdings, Inc. (NYSE:LDOS) PT at $113.71

Leidos Holdings, Inc. (NYSE:LDOSGet Rating) has received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $113.00.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Leidos from $109.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group upped their price objective on Leidos from $118.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, April 14th. Truist Financial upped their price objective on Leidos from $108.00 to $120.00 in a report on Wednesday, May 4th. Barclays lowered Leidos from an “overweight” rating to an “equal weight” rating and set a $105.00 price objective on the stock. in a report on Tuesday, June 7th. Finally, StockNews.com raised Leidos from a “hold” rating to a “buy” rating in a report on Friday, April 15th.

Insider Transactions at Leidos

In related news, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $103.18, for a total transaction of $750,531.32. Following the completion of the sale, the director now owns 84,277 shares of the company’s stock, valued at $8,695,700.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $103.18, for a total transaction of $750,531.32. Following the completion of the sale, the director now owns 84,277 shares of the company’s stock, valued at $8,695,700.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Robert Moos sold 516 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $98.56, for a total value of $50,856.96. Following the sale, the insider now directly owns 21,391 shares of the company’s stock, valued at approximately $2,108,296.96. The disclosure for this sale can be found here. Insiders sold 15,089 shares of company stock worth $1,548,441 over the last ninety days. 1.67% of the stock is owned by insiders.

Institutional Investors Weigh In On Leidos

Several large investors have recently added to or reduced their stakes in LDOS. Boston Partners grew its stake in Leidos by 71.0% in the first quarter. Boston Partners now owns 4,369,996 shares of the aerospace company’s stock valued at $472,051,000 after acquiring an additional 1,814,223 shares during the period. BlackRock Inc. grew its stake in Leidos by 12.6% in the first quarter. BlackRock Inc. now owns 15,518,960 shares of the aerospace company’s stock valued at $1,676,358,000 after acquiring an additional 1,735,496 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Leidos in the fourth quarter valued at approximately $35,888,000. First Trust Advisors LP grew its stake in Leidos by 19.7% in the fourth quarter. First Trust Advisors LP now owns 2,410,510 shares of the aerospace company’s stock valued at $214,294,000 after acquiring an additional 397,108 shares during the period. Finally, Causeway Capital Management LLC grew its stake in Leidos by 69.9% in the first quarter. Causeway Capital Management LLC now owns 961,782 shares of the aerospace company’s stock valued at $103,892,000 after acquiring an additional 395,558 shares during the period. Institutional investors and hedge funds own 78.97% of the company’s stock.

Leidos Stock Up 1.2 %

LDOS opened at $100.55 on Wednesday. Leidos has a 1-year low of $81.07 and a 1-year high of $111.12. The stock’s fifty day simple moving average is $101.10 and its 200 day simple moving average is $100.94. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 0.99. The stock has a market cap of $13.74 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.25 and a beta of 0.71.

Leidos (NYSE:LDOSGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. Leidos had a return on equity of 22.18% and a net margin of 5.15%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts expect that Leidos will post 6.41 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.43%. Leidos’s dividend payout ratio (DPR) is 27.96%.

About Leidos

(Get Rating)

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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Analyst Recommendations for Leidos (NYSE:LDOS)

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