Brokerages Set Leidos Holdings, Inc. (NYSE:LDOS) Price Target at $176.27

Leidos Holdings, Inc. (NYSE:LDOS) has been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $176.27.

A number of analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays increased their target price on shares of Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. TD Cowen downgraded shares of Leidos from a “buy” rating to a “hold” rating and dropped their price target for the stock from $200.00 to $165.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group cut Leidos from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. Finally, StockNews.com downgraded Leidos from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Insider Activity at Leidos

In other Leidos news, Director Noel B. Geer purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction 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. This represents a 19.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Leidos

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Leidos by 39.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company’s stock worth $1,800,000 after purchasing an additional 3,534 shares during the period. Fiduciary Trust Co grew its holdings in Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company’s stock worth $3,902,000 after purchasing an additional 6,395 shares during the period. Atria Investments Inc lifted its holdings in Leidos by 100.1% during the 3rd quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company’s stock valued at $1,440,000 after purchasing an additional 4,421 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock worth $136,491,000 after acquiring an additional 283,558 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Leidos by 21.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company’s stock worth $8,992,000 after buying an additional 9,710 shares during the period. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Price Performance

LDOS stock opened at $132.22 on Thursday. Leidos has a one year low of $120.98 and a one year high of $202.90. The firm has a 50-day moving average of $146.93 and a two-hundred day moving average of $157.23. The firm has a market capitalization of $17.64 billion, a PE ratio of 15.06, a P/E/G ratio of 0.92 and a beta of 0.66. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS) last posted 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 7.37% and a return on equity of 30.31%. On average, analysts forecast that Leidos will post 10.03 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. Leidos’s dividend payout ratio is presently 18.22%.

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.