Leidos (NYSE:LDOS) Price Target Raised to $180.00 at Royal Bank of Canada

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

Several other equities research analysts also recently weighed in on LDOS. Wells Fargo & Company increased their price target on Leidos from $172.00 to $183.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Bank of America raised their target price on Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. The Goldman Sachs Group boosted their price target on Leidos from $205.00 to $228.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup raised their price objective on shares of Leidos from $169.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Truist Financial boosted their target price on shares of Leidos from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.77.

Leidos Trading Down 0.1 %

Shares of NYSE:LDOS opened at $182.97 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.87. Leidos has a 52-week low of $100.17 and a 52-week high of $188.36. The stock has a market cap 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 business has a 50-day moving average price of $163.05 and a 200-day moving average price of $151.37.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating the consensus estimate of $1.96 by $0.97. The business 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.03 EPS. Equities analysts predict that Leidos will post 10.07 EPS for the current year.

Leidos Increases Dividend

The company also recently disclosed 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 represents a $1.60 annualized dividend and a yield of 0.87%. This is a boost from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Leidos’s payout ratio is presently 17.31%.

Insider Buying and Selling at Leidos

In other 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 value of $144,020.00. Following the sale, the director now directly owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

Institutional investors have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of Leidos in the 3rd quarter worth $30,000. 1832 Asset Management L.P. purchased a new stake in shares of Leidos in the second quarter valued at about $34,000. Blue Trust Inc. increased its position in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Leidos by 122.5% during the second 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 period. Finally, Kathleen S. Wright Associates Inc. acquired a new position in Leidos in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors 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.