Leidos (NYSE:LDOS) Reaches New 1-Year High at $160.82

Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $160.82 and last traded at $159.99, with a volume of 21974 shares changing hands. The stock had previously closed at $159.72.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LDOS. Bank of America lifted their price target on Leidos from $160.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Leidos from $140.00 to $145.00 and gave the company a "sector perform" rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on Leidos from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, June 24th. Barclays upped their target price on Leidos from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their target price on Leidos from $165.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Leidos has a consensus rating of "Moderate Buy" and an average price target of $163.08.

Leidos Trading Up 2.1 %

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.11 and a current ratio of 1.21. The firm has a market cap of $22.04 billion, a PE ratio of 69.57, a P/E/G ratio of 1.41 and a beta of 0.70. The company has a 50 day simple moving average of $152.10 and a two-hundred day simple moving average of $144.17.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The aerospace company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.27 by $0.36. Leidos had a return on equity of 28.40% and a net margin of 2.72%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the prior year, the firm posted $1.80 EPS. The business's quarterly revenue was up 7.7% compared to the same quarter last year. Analysts expect that Leidos Holdings, Inc. will post 8.95 EPS for the current fiscal year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, September 13th. Leidos's dividend payout ratio (DPR) is presently 65.52%.

Insider Activity

In related news, CEO Thomas Arthur Bell purchased 1,712 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average price of $145.04 per share, with a total value of $248,308.48. Following the acquisition, the chief executive officer now owns 22,398 shares in the company, valued at $3,248,605.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Thomas Arthur Bell bought 1,712 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $145.04 per share, for a total transaction of $248,308.48. Following the completion of the transaction, the chief executive officer now directly owns 22,398 shares in the company, valued at $3,248,605.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gary Stephen May sold 1,000 shares of Leidos stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total transaction of $144,020.00. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.

Hedge Funds Weigh In On Leidos

A number of institutional investors and hedge funds have recently bought and sold shares of LDOS. 1832 Asset Management L.P. acquired a new position in Leidos during the second quarter worth about $34,000. Blue Trust Inc. boosted its position in Leidos by 251.3% during the second quarter. Blue Trust Inc. now owns 281 shares of the aerospace company's stock worth $41,000 after acquiring an additional 201 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Leidos by 122.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 307 shares of the aerospace company's stock valued at $45,000 after purchasing an additional 169 shares during the last quarter. Family Firm Inc. acquired a new position in Leidos in the 2nd quarter valued at about $60,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Leidos during the 1st quarter worth approximately $64,000. 76.12% of the stock is currently owned by institutional investors and hedge funds.

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.