Leidos Holdings, Inc. (NYSE:LDOS) Receives $187.77 Consensus Price Target from Analysts

Shares of Leidos Holdings, Inc. (NYSE:LDOS) have been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $187.36.

LDOS has been the topic of several recent research reports. Truist Financial dropped their price target on Leidos from $205.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Barclays boosted their target price on Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their price objective on shares of Leidos from $145.00 to $180.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of Leidos from $230.00 to $205.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th.

Leidos Price Performance

LDOS stock opened at $164.13 on Friday. The business has a 50 day simple moving average of $171.38 and a 200-day simple moving average of $157.06. The company has a market capitalization of $21.90 billion, a P/E ratio of 18.69, a PEG ratio of 1.11 and a beta of 0.68. Leidos has a twelve month low of $105.52 and a twelve month high of $202.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 EPS. As a group, equities analysts anticipate that Leidos will post 10.04 EPS for the current year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.40 per share. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Leidos’s payout ratio is 17.31%.

Insider Activity at Leidos

In related news, Director Noel B. Geer acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $322,260. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Surya N. Mohapatra sold 2,748 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares in the company, valued at approximately $3,899,594.97. The trade was a 12.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Leidos

A number of institutional investors have recently made changes to their positions in LDOS. State Street Corp raised its position in shares of Leidos by 1.0% in the third quarter. State Street Corp now owns 5,800,357 shares of the aerospace company’s stock valued at $945,458,000 after buying an additional 56,066 shares during the last quarter. Geode Capital Management LLC raised its holdings in Leidos by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after acquiring an additional 42,358 shares during the last quarter. FMR LLC lifted its stake in shares of Leidos by 27.8% during the 3rd quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock worth $392,133,000 after purchasing an additional 522,764 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Leidos by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company’s stock worth $351,007,000 after purchasing an additional 53,307 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after purchasing an additional 691,575 shares during the period. 76.12% of the stock is owned by institutional investors and hedge funds.

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.