Leidos (NYSE:LDOS) Price Target Cut to $178.00 by Analysts at Citigroup

Leidos (NYSE:LDOS) had its target price reduced by Citigroup from $232.00 to $178.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other analysts have also recently commented on LDOS. UBS Group set a $204.00 target price on Leidos in a research report on Thursday, January 15th. Bank of America reduced their price objective on Leidos from $235.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Argus raised Leidos to a “strong-buy” rating in a research note on Tuesday, March 31st. Wall Street Zen raised Leidos from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, Truist Financial cut their price objective on Leidos from $220.00 to $195.00 and set a “buy” rating for the company in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Leidos currently has a consensus rating of “Moderate Buy” and an average price target of $193.64.

Leidos Stock Down 2.8%

Shares of LDOS stock opened at $131.12 on Thursday. Leidos has a 1 year low of $129.35 and a 1 year high of $205.77. The stock has a market cap of $16.49 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.71 and a beta of 0.56. The business’s fifty day moving average is $160.15 and its 200-day moving average is $178.21. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.58 and a current ratio of 1.40.

Leidos (NYSE:LDOS) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.25. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.28 billion. During the same period last year, the firm earned $2.97 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Equities analysts expect that Leidos will post 12.25 earnings per share for the current fiscal year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.72 annualized dividend and a yield of 1.3%. Leidos’s dividend payout ratio is currently 15.75%.

Insider Buying and Selling at Leidos

In other news, insider Elizabeth A. Porter sold 2,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $158.78, for a total value of $317,560.00. Following the transaction, the insider owned 49,476 shares of the company’s stock, valued at $7,855,799.28. This represents a 3.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its stake in Leidos by 20.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 339,972 shares of the aerospace company’s stock worth $64,241,000 after buying an additional 56,905 shares during the period. LBP AM SA increased its holdings in Leidos by 43.8% during the 3rd quarter. LBP AM SA now owns 63,211 shares of the aerospace company’s stock worth $11,944,000 after purchasing an additional 19,268 shares in the last quarter. M&T Bank Corp increased its holdings in Leidos by 2,924.4% during the 4th quarter. M&T Bank Corp now owns 405,181 shares of the aerospace company’s stock worth $73,095,000 after purchasing an additional 391,784 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Leidos in the third quarter valued at about $1,621,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in shares of Leidos by 120.4% in the third quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 11,900 shares of the aerospace company’s stock valued at $2,249,000 after acquiring an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.