Leidos (NYSE:LDOS) Price Target Increased to $175.00 by Analysts at Truist Financial

Leidos (NYSE:LDOS) had its price objective boosted by Truist Financial from $165.00 to $175.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other brokerages have also issued reports on LDOS. Royal Bank of Canada boosted their price target on Leidos from $140.00 to $145.00 and gave the company a sector perform rating in a research note on Wednesday, July 31st. Barclays boosted their price target on Leidos from $160.00 to $165.00 and gave the company an overweight rating in a research note on Monday, August 5th. TD Cowen upped their price objective on Leidos from $155.00 to $166.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Citigroup upped their price objective on Leidos from $165.00 to $169.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on Leidos from $165.00 to $175.00 and gave the company an overweight rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Leidos currently has an average rating of Moderate Buy and an average price target of $163.08.

Leidos Price Performance

NYSE LDOS opened at $155.80 on Thursday. Leidos has a twelve month low of $89.22 and a twelve month high of $159.10. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The stock has a market capitalization of $20.99 billion, a PE ratio of 67.16, a P/E/G ratio of 1.41 and a beta of 0.69. The stock has a 50-day simple moving average of $149.58 and a 200 day simple moving average of $140.73.

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

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 0.98%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Buying and Selling

In other Leidos news, CEO Thomas Arthur Bell purchased 1,712 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $145.04 per share, for a total transaction of $248,308.48. Following the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas Arthur Bell acquired 1,712 shares of Leidos stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $145.04 per share, with a total value of $248,308.48. Following the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $145.23, for a total value of $153,798.57. Following the transaction, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. The disclosure for this sale can be found here. 0.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. 1832 Asset Management L.P. acquired a new position in shares of Leidos in the 2nd quarter valued at $34,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Leidos in the 4th quarter valued at $35,000. Tidemark LLC acquired a new position in shares of Leidos in the 4th quarter valued at $41,000. Blue Trust Inc. lifted its stake in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 201 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

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.