Wells Fargo & Company Increases Leidos (NYSE:LDOS) Price Target to $183.00

Leidos (NYSE:LDOS) had its price target upped by Wells Fargo & Company from $172.00 to $183.00 in a research note published on Tuesday, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

LDOS has been the topic of a number of other reports. Citigroup boosted their target price on Leidos from $165.00 to $169.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Bank of America lifted their target price on shares of Leidos from $160.00 to $165.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Stifel Nicolaus raised their target price on Leidos from $160.00 to $165.00 and gave the stock a buy rating in a research report on Monday, June 24th. TD Cowen increased their target price on Leidos from $155.00 to $166.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Finally, Truist Financial raised their price target on Leidos from $165.00 to $175.00 and gave the stock a buy rating in a research report on Thursday, September 5th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $164.83.

Leidos Stock Up 0.8 %

Shares of Leidos stock opened at $166.39 on Tuesday. The company has a fifty day moving average price of $153.40 and a 200 day moving average price of $145.24. The company has a current ratio of 1.21, a quick ratio of 1.11 and a debt-to-equity ratio of 0.91. Leidos has a twelve month low of $89.22 and a twelve month high of $166.48. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 71.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.70.

Leidos (NYSE:LDOS) last issued its quarterly earnings data 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 return on equity of 28.40% and a net margin of 2.72%. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the firm earned $1.80 EPS. Leidos’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Leidos will post 8.95 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, September 13th. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Buying and Selling

In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Arthur Bell purchased 1,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the purchase, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The trade was a 0.00 % 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 company insiders.

Institutional Trading of Leidos

Several hedge funds have recently modified their holdings of LDOS. 1832 Asset Management L.P. purchased a new position in shares of Leidos during the second quarter valued at approximately $34,000. Blue Trust Inc. raised its stake in Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after buying an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in Leidos by 122.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 169 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Leidos in the 2nd quarter valued at $60,000. Finally, Tributary Capital Management LLC acquired a new stake in Leidos during the 1st quarter valued at approximately $64,000. 76.12% of the stock is owned by hedge funds and other institutional investors.

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.