Wells Fargo & Company Cuts Leidos (NYSE:LDOS) Price Target to $173.00

Leidos (NYSE:LDOS - Free Report) had its price target decreased by Wells Fargo & Company from $191.00 to $173.00 in a research report sent to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company's stock.

A number of other analysts also recently issued reports on LDOS. The Goldman Sachs Group downgraded shares of Leidos from a "buy" rating to a "neutral" rating and reduced their price target for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Truist Financial reduced their target price on shares of Leidos from $185.00 to $165.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Cantor Fitzgerald raised shares of Leidos to a "strong-buy" rating in a report on Tuesday, February 25th. TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and lowered their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, William Blair cut shares of Leidos from an "outperform" rating to a "market perform" rating in a research report on Friday, February 21st. Five equities 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $180.00.

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Leidos Stock Performance

Shares of Leidos stock traded up $2.38 during trading hours on Tuesday, reaching $142.05. 1,073,575 shares of the stock traded hands, compared to its average volume of 1,201,385. The company has a 50 day moving average price of $135.05 and a 200 day moving average price of $152.11. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $18.21 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.65 and a beta of 0.66. Leidos has a one year low of $123.23 and a one year high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. On average, equities research analysts expect that Leidos will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, March 14th. Leidos's payout ratio is 17.32%.

Insiders Place Their Bets

In other news, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now directly owns 11,264 shares of the company's stock, valued at approximately $1,478,287.36. The trade was a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $134.56, for a total value of $203,320.16. Following the sale, the director now directly owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On Leidos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Leidos in the 4th quarter worth approximately $25,000. Duncker Streett & Co. Inc. purchased a new stake in Leidos during the 4th quarter valued at about $27,000. REAP Financial Group LLC increased its holdings in shares of Leidos by 422.2% in the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after purchasing an additional 152 shares during the period. Berbice Capital Management LLC acquired a new position in Leidos in the 4th quarter worth approximately $29,000. Finally, Mather Group LLC. raised its position in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after buying an additional 156 shares during the last quarter. 76.12% of the stock is currently owned by hedge funds and other 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.