Leidos (NYSE:LDOS) Hits New 1-Year High at $85.61

Leidos Holdings Inc (NYSE:LDOS) reached a new 52-week high during trading on Monday . The company traded as high as $85.61 and last traded at $85.46, with a volume of 11981 shares traded. The stock had previously closed at $83.82.

A number of analysts recently commented on LDOS shares. Zacks Investment Research downgraded shares of Leidos from a “buy” rating to a “hold” rating and set a $85.00 target price on the stock. in a report on Tuesday, July 2nd. Credit Suisse Group boosted their target price on shares of Leidos from $82.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Argus boosted their target price on shares of Leidos to $82.00 and gave the stock a “positive” rating in a report on Thursday, May 16th. ValuEngine downgraded shares of Leidos from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Co boosted their target price on shares of Leidos from $80.00 to $85.00 and gave the stock a “positive” rating in a report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $82.00.

The firm’s 50-day moving average price is $81.68 and its two-hundred day moving average price is $72.07. The firm has a market capitalization of $12.21 billion, a PE ratio of 19.42, a P/E/G ratio of 2.36 and a beta of 1.56. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.96.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, July 30th. The aerospace company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.06. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. Leidos had a net margin of 6.27% and a return on equity of 20.11%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Equities research analysts forecast that Leidos Holdings Inc will post 4.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.34 dividend. This is an increase from Leidos’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, September 13th. Leidos’s dividend payout ratio (DPR) is 29.22%.

Several institutional investors have recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC grew its position in Leidos by 0.4% during the second quarter. Anchor Capital Advisors LLC now owns 30,229 shares of the aerospace company’s stock valued at $2,414,000 after purchasing an additional 121 shares in the last quarter. CWM LLC grew its position in Leidos by 66.0% during the second quarter. CWM LLC now owns 332 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 132 shares in the last quarter. Cetera Advisor Networks LLC grew its position in Leidos by 0.8% in the first quarter. Cetera Advisor Networks LLC now owns 18,216 shares of the aerospace company’s stock worth $1,169,000 after acquiring an additional 151 shares in the last quarter. Trust Co. of Vermont grew its position in Leidos by 6.1% in the second quarter. Trust Co. of Vermont now owns 2,794 shares of the aerospace company’s stock worth $223,000 after acquiring an additional 160 shares in the last quarter. Finally, Strs Ohio grew its position in Leidos by 2.6% in the second quarter. Strs Ohio now owns 8,456 shares of the aerospace company’s stock worth $675,000 after acquiring an additional 216 shares in the last quarter. 74.00% of the stock is currently owned by institutional investors and hedge funds.

Leidos Company Profile (NYSE:LDOS)

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

See Also: Outstanding Shares

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