Brokerages Set Leidos Holdings, Inc. (NYSE:LDOS) Target Price at $166.92

Leidos Holdings, Inc. (NYSE:LDOS) has received a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $166.92.

Several equities analysts have weighed in on LDOS shares. JPMorgan Chase & Co. increased their price objective on Leidos from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen lifted their price objective on Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their price objective on Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Wells Fargo & Company boosted their price target on shares of Leidos from $172.00 to $183.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Truist Financial raised their price objective on shares of Leidos from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, September 5th.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares in the company, valued at $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,059 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the transaction, the director now directly owns 7,455 shares of the company’s stock, valued at approximately $1,082,689.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the sale, the director now directly owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Boston Partners lifted its stake in shares of Leidos by 5.8% in the 1st quarter. Boston Partners now owns 3,430,264 shares of the aerospace company’s stock valued at $449,592,000 after acquiring an additional 188,458 shares during the last quarter. Millennium Management LLC increased its stake in Leidos by 156.5% in the 2nd quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock worth $165,356,000 after purchasing an additional 691,575 shares during the period. Panagora Asset Management Inc. lifted its position in Leidos by 39.7% in the second quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company’s stock valued at $114,102,000 after purchasing an additional 222,179 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Leidos by 76.9% during the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after purchasing an additional 303,775 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Leidos by 19.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 553,812 shares of the aerospace company’s stock worth $80,790,000 after purchasing an additional 89,406 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Leidos Trading Up 1.6 %

NYSE LDOS opened at $167.20 on Friday. The stock has a market capitalization of $22.52 billion, a price-to-earnings ratio of 52.41, a PEG ratio of 1.47 and a beta of 0.70. The business’s fifty day moving average is $155.38 and its 200-day moving average is $146.80. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.11. Leidos has a one year low of $90.30 and a one year high of $168.02.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.36. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts predict that Leidos will post 8.95 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, September 13th. Leidos’s payout ratio is 47.65%.

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.