Leidos (NYSE:LDOS) Price Target Raised to $165.00

Leidos (NYSE:LDOS) had its price objective upped by JPMorgan Chase & Co. from $135.00 to $165.00 in a research note issued to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the aerospace company’s stock.

A number of other research firms also recently weighed in on LDOS. Wells Fargo & Company upped their price target on Leidos from $137.00 to $147.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. StockNews.com upgraded Leidos from a buy rating to a strong-buy rating in a report on Saturday, May 4th. Bank of America lifted their price target on shares of Leidos from $125.00 to $145.00 and gave the company a buy rating in a research report on Wednesday, March 27th. Jefferies Financial Group upped their price objective on shares of Leidos from $130.00 to $135.00 and gave the stock a hold rating in a report on Wednesday, April 10th. Finally, Truist Financial reiterated a buy rating and set a $165.00 price objective (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Leidos has a consensus rating of Moderate Buy and an average target price of $149.83.

Leidos Price Performance

Leidos stock opened at $149.92 on Wednesday. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 64.62, a PEG ratio of 1.54 and a beta of 0.68. Leidos has a 52-week low of $88.81 and a 52-week high of $151.42. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.24 and a current ratio of 1.35. The stock’s 50 day moving average price is $146.47 and its two-hundred day moving average price is $130.18.

Leidos (NYSE:LDOS) last issued its 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 prior year, the firm earned $1.47 earnings per share. Leidos’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Leidos will post 8.75 earnings per share for the current year.

Leidos Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, June 14th. Leidos’s dividend payout ratio is currently 65.52%.

Insiders Place Their Bets

In other news, insider Roy E. Stevens sold 875 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $150.67, for a total transaction of $131,836.25. Following the sale, the insider now owns 44,149 shares in the company, valued at approximately $6,651,929.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

A number of large investors have recently modified their holdings of LDOS. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Leidos during the fourth quarter valued at approximately $28,000. Lindbrook Capital LLC grew its holdings in shares of Leidos by 209.0% during the 4th quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 186 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Leidos by 122.5% in 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 last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Leidos during the fourth quarter valued at about $35,000. Finally, Tidemark LLC purchased a new position in shares of Leidos in the fourth quarter worth about $41,000. 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.