UBS Group Lowers Leidos (NYSE:LDOS) Price Target to $156.00

Leidos (NYSE:LDOS - Free Report) had its target price cut by UBS Group from $162.00 to $156.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the aerospace company's stock.

Other equities analysts have also issued reports about the company. Wells Fargo & Company cut their price target on Leidos from $199.00 to $197.00 and set an "overweight" rating for the company in a report on Wednesday. Cantor Fitzgerald assumed coverage on Leidos in a report on Friday, February 7th. They set an "overweight" rating and a $185.00 target price for the company. Barclays raised their price objective on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Royal Bank of Canada upped their target price on shares of Leidos from $145.00 to $180.00 and gave the stock a "sector perform" rating in a report on Wednesday, October 30th. Finally, Truist Financial reduced their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.27.

Leidos Stock Performance

LDOS traded up $1.57 during trading hours on Wednesday, hitting $132.22. The stock had a trading volume of 1,752,327 shares, compared to its average volume of 1,277,481. Leidos has a 1 year low of $120.98 and a 1 year high of $202.90. The company's fifty day simple moving average is $146.93 and its 200 day simple moving average is $157.23. The stock has a market cap of $17.64 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.92 and a beta of 0.66. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.87.

Leidos (NYSE:LDOS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.37% and a return on equity of 30.31%. Equities analysts anticipate that Leidos will post 10.03 earnings per share for the current year.

Leidos Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.40 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.21%. Leidos's dividend payout ratio (DPR) is presently 18.22%.

Insider Buying and Selling at Leidos

In other Leidos news, Director Noel B. Geer acquired 2,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $161.13 per share, with a total value of $322,260.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company's stock, valued at approximately $322,260. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of Leidos stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $134.56, for a total transaction of $203,320.16. Following the transaction, the director now owns 6,408 shares of the company's stock, valued at $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Institutional Trading of Leidos

Institutional investors and hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. increased its position in Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 146 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in Leidos during the fourth quarter valued at approximately $25,000. Duncker Streett & Co. Inc. purchased a new stake in Leidos during the fourth quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in Leidos in the third quarter worth approximately $29,000. Finally, Berbice Capital Management LLC purchased a new position in shares of Leidos during the 4th quarter worth $29,000. Institutional investors own 76.12% of the company's stock.

About Leidos

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.