Zacks Investment Research cut shares of Leidos (NYSE:LDOS) from a buy rating to a hold rating in a research note published on Tuesday.
According to Zacks, “Leidos Holdings, Inc. (Leidos) is a holding company whose direct 100%-owned subsidiaries and principal operating companies are Leidos, Inc. and Leidos Innovations Corporation. Leidos is a global science and technology company that provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. Their domestic customers include agencies of the U.S. Department of Defense, the U.S. Intelligence Community, the U.S. Department of Homeland Security, the Federal Aviation Administration, the Department of Health and Human Services, other U.S. Government civil agencies and state and local government agencies. Their international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia. “
A number of other research analysts have also commented on the stock. Cowen restated a buy rating and issued a $72.00 price objective on shares of Leidos in a research note on Tuesday, December 19th. Stifel Nicolaus reaffirmed a hold rating and issued a $68.00 target price on shares of Leidos in a report on Tuesday, November 21st. Citigroup lifted their target price on shares of Leidos from $65.00 to $71.00 and gave the company a buy rating in a report on Friday, November 3rd. Wells Fargo & Co raised shares of Leidos from a market perform rating to an outperform rating and set a $69.00 target price on the stock in a report on Wednesday, October 25th. Finally, BidaskClub downgraded shares of Leidos from a buy rating to a hold rating in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Leidos has a consensus rating of Buy and a consensus price target of $69.33.
Leidos (NYSE:LDOS) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. Leidos had a net margin of 3.04% and a return on equity of 17.20%. Leidos’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share. research analysts anticipate that Leidos will post 3.7 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, December 15th. Leidos’s payout ratio is 63.05%.
In other news, Director John P. Jumper sold 61,212 shares of Leidos stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total value of $3,921,240.72. Following the sale, the director now owns 306,709 shares of the company’s stock, valued at $19,647,778.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in LDOS. Northwestern Mutual Wealth Management Co. boosted its holdings in Leidos by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock worth $102,000 after buying an additional 18 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Leidos by 31.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock worth $111,000 after buying an additional 513 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Leidos by 263.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock worth $161,000 after buying an additional 2,254 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in Leidos during the second quarter worth about $174,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Leidos during the second quarter worth about $209,000. 73.48% of the stock is currently owned by hedge funds and other institutional investors.
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Leidos 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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