Leidos (NYSE:LDOS) Price Target Raised to $180.00

Leidos (NYSE:LDOS) had its target price boosted by Royal Bank of Canada from $145.00 to $180.00 in a research report released on Wednesday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the aerospace company’s stock.

Several other analysts have also recently issued reports on LDOS. Robert W. Baird upped their price objective on Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company increased their price objective 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. TD Cowen lifted their price objective on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group increased their price target on shares of Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Truist Financial lifted their price target on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.77.

Leidos Stock Performance

LDOS opened at $182.97 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.11 and a current ratio of 1.23. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.45 and a beta of 0.68. The company has a fifty day moving average of $163.05 and a 200 day moving average of $151.37. Leidos has a fifty-two week low of $100.17 and a fifty-two week high of $188.36.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.97. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.06 billion. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 earnings per share. As a group, sell-side analysts forecast that Leidos will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.40 dividend. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.87%. Leidos’s payout ratio is presently 17.31%.

Insiders Place Their Bets

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the sale, the director now directly owns 6,408 shares in the company, valued at approximately $1,185,095.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 transaction, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Leidos

Several institutional investors have recently bought and sold shares of the company. Atria Investments Inc grew its stake in Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock worth $1,440,000 after buying an additional 4,421 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV acquired a new stake in Leidos in the third quarter worth about $228,000. Fiera Capital Corp purchased a new stake in shares of Leidos during the third quarter worth about $525,000. Capital Performance Advisors LLP acquired a new position in shares of Leidos during the third quarter valued at about $64,000. Finally, Summit Global Investments raised its position in shares of Leidos by 124.5% in the 3rd quarter. Summit Global Investments now owns 20,403 shares of the aerospace company’s stock valued at $3,326,000 after purchasing an additional 11,313 shares during the last quarter. 76.12% of the stock is currently 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.