Leidos (NYSE:LDOS) Price Target Raised to $140.00 at Royal Bank of Canada

Leidos (NYSE:LDOS) had its price objective lifted by Royal Bank of Canada from $120.00 to $140.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a sector perform rating on the aerospace company’s stock.

Several other research firms have also recently weighed in on LDOS. Truist Financial reiterated a buy rating and issued a $165.00 price target (up previously from $150.00) on shares of Leidos in a report on Wednesday. Wells Fargo & Company boosted their price target on shares of Leidos from $137.00 to $147.00 and gave the company an overweight rating in a research report on Thursday, April 4th. TheStreet raised shares of Leidos from a c rating to a b rating in a research note on Tuesday, February 13th. Argus lifted their price objective on Leidos from $120.00 to $145.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Finally, Stifel Nicolaus increased their target price on Leidos from $138.00 to $160.00 and gave the stock a buy rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Leidos has an average rating of Moderate Buy and an average target price of $141.17.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $142.21 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.24 and a debt-to-equity ratio of 1.07. The company has a market cap of $19.22 billion, a price-to-earnings ratio of 61.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.66. Leidos has a 12 month low of $76.58 and a 12 month high of $142.90. The company has a 50-day moving average price of $128.44 and a 200-day moving average price of $114.73.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, April 30th. The aerospace company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. Leidos had a return on equity of 25.66% and a net margin of 2.04%. Leidos’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. As a group, equities analysts anticipate that Leidos will post 8.6 EPS for the current year.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, June 14th. Leidos’s dividend payout ratio is presently 65.52%.

Insider Buying and Selling

In other Leidos news, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the sale, the director now directly owns 11,352 shares in the company, valued at approximately $1,413,210.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares in the company, valued at $1,879,471.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now directly owns 11,352 shares in the company, valued at $1,413,210.48. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Leidos

Several large investors have recently bought and sold shares of the business. Simplicity Solutions LLC bought a new stake in shares of Leidos in the third quarter worth approximately $240,000. Commonwealth Equity Services LLC grew its position in Leidos by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 107,894 shares of the aerospace company’s stock worth $9,944,000 after purchasing an additional 1,252 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Leidos by 94.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,603 shares of the aerospace company’s stock valued at $2,728,000 after buying an additional 14,362 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of Leidos by 8.6% during the 3rd quarter. Clear Creek Financial Management LLC now owns 2,512 shares of the aerospace company’s stock valued at $232,000 after buying an additional 199 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Leidos by 1.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,101 shares of the aerospace company’s stock worth $1,207,000 after buying an additional 194 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

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.