Leidos (NYSE:LDOS) Price Target Cut to $185.00 by Analysts at Truist Financial

Leidos (NYSE:LDOS) had its target price trimmed by Truist Financial from $205.00 to $185.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the company. Citigroup increased their target price on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays boosted their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Wells Fargo & Company lifted their price target on shares of Leidos from $183.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird upped their price target on Leidos from $180.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two equities 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.69.

Leidos Price Performance

Leidos stock opened at $165.55 on Friday. The stock has a fifty day moving average of $170.36 and a 200-day moving average of $156.15. The stock has a market capitalization of $22.09 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.68. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. Leidos has a 52 week low of $105.52 and a 52 week high of $202.90.

Leidos (NYSE:LDOS) last posted its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS 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%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 earnings per share. On average, sell-side analysts expect that Leidos will post 10.04 earnings per share for the current fiscal year.

Leidos Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, December 16th. Leidos’s dividend payout ratio (DPR) is 17.31%.

Insider Transactions at Leidos

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were 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 owns 6,408 shares in the company, valued at $1,185,095.52. This represents a 14.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Noel B. Geer purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $322,260. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Leidos

A number of hedge funds and other institutional investors have recently modified their holdings of LDOS. State Street Corp boosted its stake in 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 acquiring an additional 56,066 shares during the last quarter. Boston Partners raised its holdings 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 worth $449,592,000 after purchasing an additional 188,458 shares during the period. Geode Capital Management LLC lifted its stake in Leidos by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company’s stock valued at $546,912,000 after purchasing an additional 42,358 shares during the last quarter. FMR LLC lifted its stake in Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company’s stock valued at $392,133,000 after purchasing an additional 522,764 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Leidos by 2.5% in 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 buying an additional 53,307 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

About Leidos

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.