Leidos (NYSE:LDOS) Given New $145.00 Price Target at Bank of America

Leidos (NYSE:LDOS) had its target price increased by Bank of America from $125.00 to $145.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

A number of other equities research analysts have also recently weighed in on LDOS. TheStreet upgraded shares of Leidos from a c rating to a b rating in a report on Tuesday, February 13th. Royal Bank of Canada upped their price objective on shares of Leidos from $105.00 to $120.00 and gave the stock a sector perform rating in a report on Wednesday, February 14th. StockNews.com upgraded shares of Leidos from a buy rating to a strong-buy rating in a report on Wednesday, February 14th. Truist Financial increased their price target on shares of Leidos from $115.00 to $135.00 and gave the company a buy rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company increased their price objective on shares of Leidos from $129.00 to $137.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of $129.91.

Leidos Stock Performance

Shares of NYSE:LDOS opened at $130.57 on Wednesday. Leidos has a 12 month low of $76.58 and a 12 month high of $130.73. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.10. The company has a 50-day moving average price of $120.87 and a 200-day moving average price of $108.34. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 91.95, a price-to-earnings-growth ratio of 2.04 and a beta of 0.70.

Leidos (NYSE:LDOS) last announced its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.25. Leidos had a net margin of 1.29% and a return on equity of 22.92%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the company earned $1.83 earnings per share. Leidos’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Leidos will post 7.75 EPS for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a $0.38 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.16%. Leidos’s dividend payout ratio (DPR) is presently 107.04%.

Insider Transactions at Leidos

In related news, 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 completion of the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Leidos news, Director Gary Stephen May sold 2,745 shares of Leidos stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total value of $341,725.05. Following the completion of the transaction, the director now directly owns 11,352 shares of the company’s stock, valued at approximately $1,413,210.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the transaction, the director now directly owns 14,696 shares of the company’s stock, valued at $1,879,471.44. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Leidos

Several institutional investors have recently made changes to their positions in LDOS. BlackRock Inc. lifted its holdings in shares of Leidos by 17.0% in the 2nd quarter. BlackRock Inc. now owns 17,563,014 shares of the aerospace company’s stock worth $1,553,976,000 after acquiring an additional 2,552,908 shares during the last quarter. Norges Bank bought a new stake in shares of Leidos in the 4th quarter worth about $202,191,000. Pzena Investment Management LLC lifted its holdings in shares of Leidos by 320.1% in the 3rd quarter. Pzena Investment Management LLC now owns 1,246,768 shares of the aerospace company’s stock worth $114,902,000 after acquiring an additional 949,955 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Leidos by 9,164.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 578,561 shares of the aerospace company’s stock worth $62,623,000 after acquiring an additional 572,316 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Leidos by 36.1% in the 3rd quarter. FMR LLC now owns 1,808,666 shares of the aerospace company’s stock worth $166,687,000 after acquiring an additional 479,906 shares during 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.