Leidos (NYSE:LDOS) Earns Buy Rating from Truist Financial

Leidos (NYSE:LDOS)‘s stock had its “buy” rating reaffirmed by Truist Financial in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $165.00 price objective on the aerospace company’s stock, up from their prior price objective of $150.00. Truist Financial’s target price suggests a potential upside of 17.67% from the company’s previous close.

Several other analysts also recently weighed in on LDOS. Wells Fargo & Company lifted their price objective on Leidos from $137.00 to $147.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Argus lifted their price objective on Leidos from $120.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Jefferies Financial Group lifted their price objective on Leidos from $130.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Bank of America lifted their price objective on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, TheStreet upgraded Leidos from a “c” rating to a “b” rating in a report on Tuesday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.58.

Leidos Stock Up 6.5 %

NYSE:LDOS opened at $140.22 on Wednesday. Leidos has a twelve month low of $76.58 and a twelve month high of $140.91. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 98.75, a price-to-earnings-growth ratio of 1.82 and a beta of 0.70. The stock has a fifty day simple moving average of $128.08 and a 200-day simple moving average of $114.53. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.59. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the company earned $1.47 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Leidos will post 7.77 EPS for the current year.

Insider Transactions at Leidos

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

Institutional Investors Weigh In On Leidos

A number of large investors have recently bought and sold shares of LDOS. Norges Bank purchased a new stake in Leidos in the fourth quarter valued at approximately $202,191,000. Pzena Investment Management LLC lifted its holdings in Leidos by 320.1% in the third quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company’s stock valued at $114,902,000 after acquiring an additional 949,955 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Leidos by 9,164.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock valued at $62,623,000 after acquiring an additional 572,316 shares during the period. FMR LLC lifted its holdings in Leidos by 36.1% in the third quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock valued at $166,687,000 after acquiring an additional 479,906 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Leidos by 6.2% in the third quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock valued at $429,501,000 after acquiring an additional 272,090 shares during the period. Hedge funds and other institutional investors own 76.12% of the company’s stock.

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.