Wells Fargo & Company upgraded shares of Leidos Holdings, Inc. (NYSE:LDOS) from a market perform rating to an outperform rating in a report released on Wednesday morning. They currently have $69.00 target price on the aerospace company’s stock.
A number of other equities research analysts also recently issued reports on the company. TheStreet downgraded Leidos Holdings from a b- rating to a c+ rating in a research report on Thursday, September 7th. Argus increased their price objective on Leidos Holdings from $62.00 to $64.00 and gave the stock a buy rating in a research report on Thursday, August 31st. BidaskClub upgraded Leidos Holdings from a sell rating to a hold rating in a research report on Friday, September 1st. Cowen and Company reiterated a buy rating and issued a $68.00 price objective on shares of Leidos Holdings in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $75.00 price objective on shares of Leidos Holdings in a research report on Thursday, October 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $65.00.
Shares of Leidos Holdings (NYSE:LDOS) traded down 0.43% during trading on Wednesday, reaching $62.47. The company’s stock had a trading volume of 534,590 shares. The stock has a 50-day moving average of $59.81 and a 200-day moving average of $55.55. Leidos Holdings has a 52-week low of $40.96 and a 52-week high of $63.68. The stock has a market cap of $9.45 billion, a P/E ratio of 27.99 and a beta of 1.72.
Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue was up 99.6% compared to the same quarter last year. Analysts predict that Leidos Holdings will post $3.56 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. Leidos Holdings’s payout ratio is 55.65%.
In other Leidos Holdings news, Director Gary Stephen May sold 800 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total transaction of $44,600.00. Following the sale, the director now owns 6,680 shares in the company, valued at $372,410. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $55.32 per share, for a total transaction of $110,640.00. Following the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at $110,640. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. grew its stake in shares of Leidos Holdings by 13.0% during the first quarter. UBS Asset Management Americas Inc. now owns 87,437 shares of the aerospace company’s stock valued at $4,472,000 after buying an additional 10,039 shares during the last quarter. United Services Automobile Association bought a new position in shares of Leidos Holdings during the first quarter valued at about $565,000. OppenheimerFunds Inc. grew its stake in shares of Leidos Holdings by 38.0% during the first quarter. OppenheimerFunds Inc. now owns 32,631 shares of the aerospace company’s stock valued at $1,669,000 after buying an additional 8,989 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Leidos Holdings by 35.1% during the first quarter. Wellington Management Group LLP now owns 217,920 shares of the aerospace company’s stock valued at $11,144,000 after buying an additional 56,575 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its stake in shares of Leidos Holdings by 10.0% during the first quarter. Thrivent Financial For Lutherans now owns 26,835 shares of the aerospace company’s stock valued at $1,372,000 after buying an additional 2,440 shares during the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.
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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