Leidos (NYSE:LDOS) Stock Rating Lowered by TD Cowen

TD Cowen downgraded shares of Leidos (NYSE:LDOS - Free Report) from a buy rating to a hold rating in a report published on Wednesday morning, Marketbeat.com reports. They currently have $165.00 target price on the aerospace company's stock, down from their prior target price of $200.00.

A number of other research firms have also commented on LDOS. Truist Financial lowered their price target on Leidos from $205.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, November 22nd. The Goldman Sachs Group lowered shares of Leidos from a "buy" rating to a "neutral" rating and dropped their price target for the company from $228.00 to $153.00 in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. Robert W. Baird lifted their target price on shares of Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Citigroup upped their target price on Leidos from $194.00 to $220.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Leidos presently has an average rating of "Moderate Buy" and an average target price of $179.07.

Leidos Stock Down 1.1 %

Shares of LDOS traded down $1.55 during trading hours on Wednesday, hitting $145.75. The stock had a trading volume of 1,314,832 shares, compared to its average volume of 1,119,486. Leidos has a 1-year low of $107.73 and a 1-year high of $202.90. The firm has a market capitalization of $19.45 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 1.04 and a beta of 0.66. The firm has a 50 day simple moving average of $163.06 and a 200-day simple moving average of $157.84. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. Leidos had a return on equity of 30.31% and a net margin of 7.37%. The firm had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.06 billion. During the same quarter last year, the firm posted $2.03 earnings per share. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Leidos will post 9.89 EPS for the current fiscal year.

Leidos Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.40 per share. This is a boost from Leidos's previous quarterly dividend of $0.38. The ex-dividend date was Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.10%. Leidos's payout ratio is presently 18.22%.

Insider Transactions at Leidos

In other news, Director Surya N. Mohapatra sold 2,748 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $194.97, for a total value of $535,777.56. Following the transaction, the director now owns 20,001 shares of the company's stock, valued at approximately $3,899,594.97. This represents a 12.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Noel B. Geer acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $322,260. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.96% of the company's stock.

Hedge Funds Weigh In On Leidos

Institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC raised its position in shares of Leidos by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 1,822 shares of the aerospace company's stock valued at $297,000 after buying an additional 62 shares in the last quarter. Asahi Life Asset Management CO. LTD. lifted its stake in Leidos by 3.2% during the third quarter. Asahi Life Asset Management CO. LTD. now owns 2,280 shares of the aerospace company's stock worth $372,000 after purchasing an additional 70 shares during the last quarter. Somerset Trust Co boosted its holdings in shares of Leidos by 3.5% in the 3rd quarter. Somerset Trust Co now owns 2,429 shares of the aerospace company's stock worth $396,000 after purchasing an additional 83 shares in the last quarter. Apella Capital LLC increased its position in shares of Leidos by 0.8% during the 3rd quarter. Apella Capital LLC now owns 11,366 shares of the aerospace company's stock valued at $1,878,000 after purchasing an additional 89 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in Leidos by 6.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,679 shares of the aerospace company's stock worth $274,000 after buying an additional 99 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.

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.