Robert W. Baird Raises Leidos (NYSE:LDOS) Price Target to $180.00

Leidos (NYSE:LDOS) had its price target hoisted by Robert W. Baird from $145.00 to $180.00 in a report published on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the aerospace company’s stock.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Leidos from $130.00 to $135.00 and gave the company a hold rating in a research note on Wednesday, April 10th. Wells Fargo & Company raised their price target on Leidos from $137.00 to $147.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Barclays upgraded Leidos from an equal weight rating to an overweight rating in a research note on Friday, January 5th. Truist Financial raised their target price on shares of Leidos from $135.00 to $150.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Finally, TheStreet raised shares of Leidos from a c rating to a b rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $141.17.

Leidos Trading Up 1.4 %

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

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, April 30th. The aerospace company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.59. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $1.47 earnings per share. As a group, research analysts forecast that Leidos will post 8.6 EPS for the current fiscal year.

Leidos Announces Dividend

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 issued a dividend of $0.38 per share. The ex-dividend date is Friday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.07%. Leidos’s dividend payout ratio (DPR) is presently 65.52%.

Insider Activity at Leidos

In other Leidos news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,879,471.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Leidos news, Director David G. Fubini sold 7,874 shares of the business’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 transaction of $1,007,005.86. Following the sale, the director now directly owns 14,696 shares of the company’s stock, valued at approximately $1,879,471.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Stephen May sold 2,745 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $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

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in Leidos by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 4,923,663 shares of the aerospace company’s stock valued at $532,937,000 after acquiring an additional 39,174 shares during the last quarter. Wellington Management Group LLP grew its holdings in Leidos by 6.2% during the 3rd quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company’s stock worth $429,501,000 after acquiring an additional 272,090 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Leidos by 5.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,044,206 shares of the aerospace company’s stock valued at $280,554,000 after purchasing an additional 169,351 shares in the last quarter. Norges Bank bought a new stake in Leidos in the fourth quarter worth approximately $202,191,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Leidos by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,841,723 shares of the aerospace company’s stock worth $199,344,000 after buying an additional 45,079 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

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.