Leidos Holdings, Inc. (LDOS) Receives Average Rating of “Buy” from Brokerages
Shares of Leidos Holdings, Inc. (NYSE:LDOS) have earned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $61.78.
LDOS has been the subject of several analyst reports. Zacks Investment Research lowered shares of Leidos Holdings from a “buy” rating to a “hold” rating and set a $62.00 target price for the company. in a report on Thursday, June 15th. BidaskClub lowered shares of Leidos Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Cowen and Company restated a “buy” rating on shares of Leidos Holdings in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) upgraded shares of Leidos Holdings from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $61.00 to $68.00 in a report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th.
In other Leidos Holdings news, VP Jerald S. Howe, Jr. bought 2,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $55.32 per share, with a total value of $110,640.00. Following the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $55.75, for a total transaction of $44,600.00. Following the transaction, the director now directly owns 6,680 shares in the company, valued at approximately $372,410. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in Leidos Holdings by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 18 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Leidos Holdings by 31.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 513 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Leidos Holdings by 2.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after purchasing an additional 44 shares during the period. Oppenheimer Asset Management Inc. increased its position in Leidos Holdings by 263.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 2,254 shares during the period. Finally, Hanseatic Management Services Inc. purchased a new position in Leidos Holdings during the 2nd quarter valued at about $174,000. 74.54% of the stock is currently owned by institutional investors and hedge funds.
Leidos Holdings (LDOS) opened at 58.02 on Wednesday. Leidos Holdings has a one year low of $40.96 and a one year high of $58.94. The firm has a 50-day moving average of $56.59 and a 200 day moving average of $53.99. The company has a market capitalization of $8.77 billion, a P/E ratio of 25.99 and a beta of 1.71.
Leidos Holdings (NYSE:LDOS) last released its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.27. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.56 billion. Leidos Holdings had a net margin of 3.34% and a return on equity of 17.35%. The business’s revenue was up 99.6% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. On average, equities analysts forecast that Leidos Holdings will post $3.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Monday, September 18th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.21%. Leidos Holdings’s payout ratio is 55.65%.
Leidos Holdings 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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