Leidos (NYSE:LDOS) Price Target Increased to $140.00 by Analysts at Royal Bank of Canada

Leidos (NYSE:LDOS) had its price objective boosted by Royal Bank of Canada from $120.00 to $140.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a sector perform rating on the aerospace company’s stock.

A number of other equities research analysts have also weighed in on LDOS. Robert W. Baird boosted their price target on Leidos from $145.00 to $180.00 and gave the stock an outperform rating in a research note on Wednesday. StockNews.com cut shares of Leidos from a strong-buy rating to a buy rating in a report on Friday, April 26th. Stifel Nicolaus boosted their price objective on shares of Leidos from $138.00 to $160.00 and gave the company a buy rating in a report on Wednesday. Bank of America raised their target price on Leidos from $125.00 to $145.00 and gave the stock a buy rating in a research note on Wednesday, March 27th. Finally, Truist Financial reiterated a buy rating and set a $165.00 price target (up previously from $150.00) on shares of Leidos in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Leidos currently has a consensus rating of Moderate Buy and a consensus target price of $141.17.

Leidos Stock Up 1.4 %

Shares of Leidos stock opened at $142.21 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.35 and a debt-to-equity ratio of 1.07. The company has a market cap of $19.22 billion, a P/E ratio of 61.30, a PEG ratio of 1.75 and a beta of 0.66. The firm’s 50 day moving average price is $128.44 and its 200-day moving average price is $114.73. Leidos has a 52-week low of $76.58 and a 52-week high of $142.90.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a net margin of 2.04% and a return on equity of 25.66%. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts predict that Leidos will post 8.6 EPS for the current fiscal year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 1.07%. Leidos’s dividend payout ratio is presently 65.52%.

Insider Activity

In related news, Director David G. Fubini sold 7,874 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares in the company, valued at approximately $1,879,471.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now owns 11,352 shares in the company, valued at approximately $1,413,210.48. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

A number of institutional investors have recently added to or reduced their stakes in LDOS. Victory Capital Management Inc. lifted its holdings in Leidos by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 4,923,663 shares of the aerospace company’s stock valued at $532,937,000 after purchasing an additional 39,174 shares in the last quarter. Wellington Management Group LLP lifted its stake in Leidos by 6.2% in the 3rd quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after buying an additional 272,090 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 5.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,044,206 shares of the aerospace company’s stock worth $280,554,000 after buying an additional 169,351 shares during the last quarter. Norges Bank purchased a new stake in Leidos during the 4th quarter worth approximately $202,191,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Leidos by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,841,723 shares of the aerospace company’s stock valued at $199,344,000 after acquiring an additional 45,079 shares during the last quarter. Institutional investors and hedge funds 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.