Leidos (NYSE:LDOS) Receives Neutral Rating from Bank of America

Leidos (NYSE:LDOS)‘s stock had its “neutral” rating reiterated by Bank of America in a report issued on Wednesday,Benzinga reports. They currently have a $125.00 target price on the aerospace company’s stock, down from their prior target price of $200.00. Bank of America‘s price target suggests a potential upside of 9.82% from the company’s previous close.

Several other research analysts have also issued reports on LDOS. Wall Street Zen raised shares of Leidos from a “hold” rating to a “buy” rating in a research note on Sunday. Citigroup lowered shares of Leidos from a “buy” rating to a “neutral” rating in a research note on Wednesday. Jefferies Financial Group lowered shares of Leidos from a “buy” rating to a “hold” rating and dropped their price objective for the company from $185.00 to $140.00 in a research note on Wednesday, June 3rd. Royal Bank Of Canada dropped their price objective on shares of Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Robert W. Baird dropped their price objective on shares of Leidos from $215.00 to $195.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Leidos presently has an average rating of “Hold” and a consensus target price of $181.25.

Leidos Trading Down 0.7%

NYSE:LDOS opened at $113.82 on Wednesday. The firm’s fifty day moving average is $136.18 and its 200-day moving average is $165.08. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.29 and a current ratio of 1.40. Leidos has a 52 week low of $113.28 and a 52 week high of $205.77. The firm has a market cap of $14.32 billion, a P/E ratio of 10.42, a P/E/G ratio of 1.46 and a beta of 0.50.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.25. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.97 EPS. 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 year.

Insider Activity

In other news, insider Elizabeth A. Porter sold 2,000 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total value of $317,560.00. Following the completion of the sale, the insider owned 49,476 shares in the company, valued at $7,855,799.28. This represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary Stephen May sold 1,484 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $132.75, for a total transaction of $197,001.00. Following the completion of the sale, the director owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. This represents a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Institutional Trading of Leidos

Large investors have recently added to or reduced their stakes in the stock. Diamant Asset Management Inc. raised its stake in Leidos by 16,475.4% in the 1st quarter. Diamant Asset Management Inc. now owns 4,156,784 shares of the aerospace company’s stock valued at $646,463,000 after acquiring an additional 4,131,706 shares during the period. Norges Bank bought a new stake in shares of Leidos in the fourth quarter valued at approximately $318,839,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Leidos in the third quarter valued at approximately $242,464,000. SG Americas Securities LLC raised its position in shares of Leidos by 998.6% in the first quarter. SG Americas Securities LLC now owns 1,097,724 shares of the aerospace company’s stock valued at $170,718,000 after purchasing an additional 997,807 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Leidos by 64.4% in the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after purchasing an additional 598,974 shares during the period. Hedge funds and other institutional investors 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.