Leidos (NYSE:LDOS) Given New $230.00 Price Target at Wells Fargo & Company

Leidos (NYSE:LDOS) had its target price lifted by Wells Fargo & Company from $183.00 to $230.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

LDOS has been the topic of several other reports. Citigroup raised their target price on shares of Leidos from $169.00 to $194.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Bank of America lifted their price objective on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Truist Financial upped their target price on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen lifted their price target on Leidos from $155.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their price objective on Leidos from $205.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus price target of $187.77.

Leidos Trading Down 0.1 %

Shares of NYSE:LDOS opened at $182.97 on Wednesday. The business’s 50 day simple moving average is $163.05 and its 200 day simple moving average is $151.37. Leidos has a 1 year low of $100.17 and a 1 year high of $188.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.11. The company has a market capitalization of $24.41 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.45 and a beta of 0.68.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The company had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the firm posted $2.03 EPS. Leidos’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Leidos will post 10.07 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. This is a positive change from Leidos’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Leidos’s payout ratio is presently 17.31%.

Insider Activity

In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the transaction, the director now owns 11,264 shares in the company, valued at $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total value of $193,632.18. Following the completion of the transaction, the director now directly owns 6,408 shares of the company’s stock, valued at approximately $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in shares of Leidos during the third quarter worth about $30,000. 1832 Asset Management L.P. purchased a new stake in shares of Leidos in the second quarter worth approximately $34,000. Blue Trust Inc. lifted its holdings in shares of Leidos by 251.3% in the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company’s stock valued at $41,000 after purchasing an additional 201 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of Leidos during the third quarter valued at approximately $46,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Leidos by 122.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company’s stock worth $45,000 after buying an additional 169 shares in the last quarter. 76.12% of the stock is owned by 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.