Wells Fargo & Company upgraded shares of Leidos Holdings, Inc. (NYSE:LDOS) from a market perform rating to an outperform rating in a research report report published on Wednesday, Marketbeat reports. They currently have $69.00 target price on the aerospace company’s stock.
LDOS has been the subject of a number of other research reports. Cowen and Company restated a buy rating and set a $66.00 price objective on shares of Leidos Holdings in a research note on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) upgraded Leidos Holdings from a neutral rating to a buy rating and lifted their target price for the stock from $61.00 to $68.00 in a research report on Thursday, August 10th. Zacks Investment Research lowered Leidos Holdings from a buy rating to a hold rating in a research report on Wednesday, October 18th. Jefferies Group LLC reiterated a hold rating and issued a $52.00 target price on shares of Leidos Holdings in a research report on Friday, August 18th. Finally, TheStreet upgraded Leidos Holdings from a c+ rating to a b+ rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $65.00.
Shares of Leidos Holdings (NYSE:LDOS) opened at 62.36 on Wednesday. The company’s 50-day moving average price is $60.07 and its 200 day moving average price is $55.68. The stock has a market cap of $9.43 billion, a PE ratio of 27.94 and a beta of 1.72. Leidos Holdings has a 1-year low of $41.16 and a 1-year high of $63.68.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm earned $0.68 EPS. Leidos Holdings’s quarterly revenue was up 99.6% on a year-over-year basis. Equities analysts forecast that Leidos Holdings will post $3.56 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.28 annualized dividend and a dividend yield of 2.05%. Leidos Holdings’s payout ratio is 55.65%.
In related news, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the sale, the director now owns 6,680 shares of the company’s stock, valued at approximately $372,410. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was bought at an average cost of $55.32 per share, for a total transaction of $110,640.00. Following the acquisition, the vice president now owns 2,000 shares in the company, valued at approximately $110,640. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Leidos Holdings by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after purchasing an additional 18 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Leidos Holdings by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after purchasing an additional 513 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Leidos Holdings by 2.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 44 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Leidos Holdings by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after purchasing an additional 2,254 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Leidos Holdings in the 2nd quarter worth approximately $174,000. 74.63% of the stock is currently owned by institutional investors and hedge funds.
Leidos Holdings Company Profile
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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