Leidos (NYSE:LDOS) Price Target Lowered to $155.00 at Truist Financial

Leidos (NYSE:LDOS) had its price target trimmed by Truist Financial from $165.00 to $155.00 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Other equities analysts also recently issued reports about the stock. William Blair downgraded shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. Cantor Fitzgerald raised shares of Leidos to a “strong-buy” rating in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Leidos from $191.00 to $173.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. TD Cowen lowered Leidos from a “buy” rating to a “hold” rating and decreased their price objective for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. Finally, UBS Group dropped their target price on Leidos from $162.00 to $156.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.23.

Leidos Trading Down 1.1 %

NYSE:LDOS opened at $139.89 on Monday. The firm has a 50-day simple moving average of $135.05 and a 200-day simple moving average of $151.79. Leidos has a one year low of $123.23 and a one year high of $202.90. The firm has a market cap of $17.94 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Equities analysts anticipate that Leidos will post 10.62 EPS for the current fiscal year.

Leidos Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, March 14th. Leidos’s dividend payout ratio (DPR) is 17.32%.

Insider Activity at Leidos

In other Leidos news, Director Gary Stephen May sold 2,128 shares of Leidos stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total transaction of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the completion of the sale, the director now owns 6,408 shares in the company, valued at $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Hennessy Advisors Inc. purchased a new position in shares of Leidos during the 1st quarter valued at approximately $2,348,000. Wealth Enhancement Advisory Services LLC increased its holdings in Leidos by 1.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,107 shares of the aerospace company’s stock valued at $4,602,000 after buying an additional 329 shares in the last quarter. Davis Investment Partners LLC acquired a new position in shares of Leidos in the first quarter worth about $614,000. Simon Quick Advisors LLC purchased a new stake in shares of Leidos during the 1st quarter worth about $224,000. Finally, CX Institutional acquired a new stake in shares of Leidos during the 1st quarter valued at about $188,000. 76.12% of the stock is owned by institutional investors and hedge funds.

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.