Morgan Stanley Raises Leidos (NYSE:LDOS) Price Target to $110.00

Leidos (NYSE:LDOSGet Rating) had its price objective boosted by Morgan Stanley from $107.00 to $110.00 in a research note issued to investors on Wednesday, MarketBeat reports. Morgan Stanley currently has an equal weight rating on the aerospace company’s stock.

A number of other research analysts also recently commented on the stock. StockNews.com raised shares of Leidos from a hold rating to a buy rating in a research report on Friday, April 15th. Barclays cut shares of Leidos from an overweight rating to an equal weight rating and set a $105.00 target price for the company. in a research note on Tuesday, June 7th. Truist Financial raised their target price on shares of Leidos from $108.00 to $120.00 in a research note on Wednesday, May 4th. The Goldman Sachs Group raised their target price on shares of Leidos from $118.00 to $132.00 and gave the stock a buy rating in a research note on Thursday, April 14th. Finally, Wells Fargo & Company cut their target price on shares of Leidos from $109.00 to $105.00 and set an equal weight rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $113.00.

Leidos Stock Up 1.2 %

Leidos stock opened at $100.55 on Wednesday. The company has a market cap of $13.73 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 2.25 and a beta of 0.71. Leidos has a 1-year low of $81.07 and a 1-year high of $111.12. The company has a fifty day simple moving average of $101.10 and a 200 day simple moving average of $100.94. The company has a current ratio of 0.90, a quick ratio of 0.92 and a debt-to-equity ratio of 0.99.

Leidos (NYSE:LDOSGet Rating) last released its earnings results on Tuesday, August 2nd. The aerospace company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.04. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.52 billion. Leidos had a net margin of 5.15% and a return on equity of 22.18%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. Research analysts anticipate that Leidos will post 6.37 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.43%. The ex-dividend date is Wednesday, September 14th. Leidos’s dividend payout ratio is currently 27.96%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $103.18, for a total value of $750,531.32. Following the transaction, the director now directly owns 84,277 shares of the company’s stock, valued at approximately $8,695,700.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider James Robert Moos sold 516 shares of Leidos stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $98.56, for a total transaction of $50,856.96. Following the sale, the insider now directly owns 21,391 shares of the company’s stock, valued at approximately $2,108,296.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harry M. Jansen Kraemer, Jr. sold 7,274 shares of Leidos stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $103.18, for a total transaction of $750,531.32. Following the sale, the director now directly owns 84,277 shares in the company, valued at $8,695,700.86. The disclosure for this sale can be found here. Insiders have sold a total of 15,089 shares of company stock valued at $1,548,441 in the last ninety days. 1.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Leidos

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Leidos by 12.6% during the 1st quarter. BlackRock Inc. now owns 15,518,960 shares of the aerospace company’s stock worth $1,676,358,000 after acquiring an additional 1,735,496 shares during the last quarter. Vanguard Group Inc. grew its holdings in Leidos by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company’s stock worth $1,629,768,000 after acquiring an additional 236,272 shares during the last quarter. State Street Corp grew its holdings in Leidos by 3.9% during the 4th quarter. State Street Corp now owns 5,685,081 shares of the aerospace company’s stock worth $505,404,000 after acquiring an additional 211,254 shares during the last quarter. Boston Partners grew its holdings in Leidos by 71.0% during the 1st quarter. Boston Partners now owns 4,369,996 shares of the aerospace company’s stock worth $472,051,000 after acquiring an additional 1,814,223 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Leidos by 8.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,999,167 shares of the aerospace company’s stock worth $431,475,000 after acquiring an additional 320,790 shares during the last quarter. 78.97% of the stock is owned by institutional investors.

Leidos Company Profile

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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. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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Analyst Recommendations for Leidos (NYSE:LDOS)

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