Leidos (NYSE:LDOS) Price Target Increased to $175.00 by Analysts at JPMorgan Chase & Co.

Leidos (NYSE:LDOS) had its price objective hoisted by JPMorgan Chase & Co. from $165.00 to $175.00 in a research note released on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the aerospace company’s stock.

LDOS has been the topic of several other research reports. Wells Fargo & Company lifted their price target on Leidos from $137.00 to $147.00 and gave the company 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 research report on Saturday, May 4th. Jefferies Financial Group increased their target price on Leidos from $130.00 to $135.00 and gave the company a hold rating in a research report on Wednesday, April 10th. Truist Financial restated a buy rating and set a $165.00 price target (up from $150.00) on shares of Leidos in a report on Wednesday, May 1st. Finally, Robert W. Baird raised their price objective on shares of Leidos from $145.00 to $180.00 and gave the company an outperform rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $160.17.

Leidos Stock Performance

NYSE:LDOS opened at $145.39 on Wednesday. The stock has a market cap of $19.59 billion, a P/E ratio of 62.67, a PEG ratio of 1.48 and a beta of 0.68. The stock has a 50 day simple moving average of $147.13 and a 200 day simple moving average of $134.62. The company has a current ratio of 1.21, a quick ratio of 1.24 and a debt-to-equity ratio of 0.91. Leidos has a 1-year low of $89.22 and a 1-year high of $155.45.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.36. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.80 EPS. Research analysts anticipate that Leidos will post 8.87 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, September 13th. This represents a $1.52 dividend on an annualized basis and a yield of 1.05%. Leidos’s payout ratio is currently 65.52%.

Insider Activity

In other Leidos news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the completion of the sale, the insider now directly owns 44,149 shares in the company, valued at $6,651,929.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On Leidos

Large investors have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Leidos during the 4th quarter worth about $28,000. Lindbrook Capital LLC grew its stake in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 186 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Leidos during the fourth quarter valued at approximately $35,000. Tidemark LLC acquired a new position in shares of Leidos during the fourth quarter worth approximately $41,000. Finally, Blue Trust Inc. lifted its holdings in shares of Leidos by 251.3% in the 2nd quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 201 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

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.