TD Cowen Raises Leidos (NYSE:LDOS) Price Target to $200.00

Leidos (NYSE:LDOS) had its price target boosted by TD Cowen from $175.00 to $200.00 in a research report released on Wednesday, Benzinga reports. TD Cowen currently has a buy rating on the aerospace company’s stock.

A number of other equities analysts have also weighed in on LDOS. Robert W. Baird boosted their price objective on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays upped their price target on Leidos from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Leidos from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Citigroup raised their price target on shares of Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Bank of America lifted their price target on shares of Leidos from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Leidos presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.77.

Leidos Trading Down 0.1 %

Leidos stock opened at $182.97 on Wednesday. Leidos has a 12 month low of $100.17 and a 12 month high of $188.36. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $163.05 and its two-hundred day simple moving average is $151.37. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.97. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Leidos’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.03 EPS. As a group, equities analysts predict that Leidos will post 10.07 earnings per share for the current fiscal year.

Leidos Increases Dividend

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

Insider Transactions at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction on 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 in the company, valued at approximately $1,185,095.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Leidos news, Director Robert C. Kovarik, Jr. sold 1,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the sale, the director now owns 6,408 shares in the company, valued at approximately $1,185,095.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the transaction, the director now owns 11,264 shares of the company’s stock, valued at approximately $1,622,241.28. The trade was a 0.00 % decrease in their ownership of the stock. 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

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC lifted its position in shares of Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company’s stock valued at $165,356,000 after acquiring an additional 691,575 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Leidos by 1,184.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 501,868 shares of the aerospace company’s stock valued at $73,213,000 after purchasing an additional 462,792 shares during the period. International Assets Investment Management LLC lifted its holdings in Leidos by 24,194.3% in the 3rd quarter. International Assets Investment Management LLC now owns 377,047 shares of the aerospace company’s stock worth $61,459,000 after purchasing an additional 375,495 shares in the last quarter. AQR Capital Management LLC boosted its stake in Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock worth $101,942,000 after purchasing an additional 303,775 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Leidos by 138.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 517,498 shares of the aerospace company’s stock valued at $67,840,000 after buying an additional 300,486 shares in the last quarter. 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.