Leidos (NYSE:LDOS) Price Target Cut to $191.00 by Analysts at Wells Fargo & Company

Leidos (NYSE:LDOS) had its price target trimmed by Wells Fargo & Company from $197.00 to $191.00 in a report published on Wednesday,Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

LDOS has been the subject of several other research reports. Truist Financial cut their price objective on Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. William Blair cut Leidos from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Citigroup boosted their target price on shares of Leidos from $194.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their price target on shares of Leidos from $165.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group downgraded shares of Leidos from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $175.87.

Leidos Stock Down 0.9 %

LDOS opened at $129.52 on Wednesday. Leidos has a twelve month low of $123.22 and a twelve month high of $202.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The business has a 50 day moving average price of $143.16 and a 200 day moving average price of $156.44. The firm has a market cap of $16.99 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.13. Leidos had a net margin of 7.53% and a return on equity of 30.93%. Research analysts forecast that Leidos will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 annualized dividend and a yield of 1.24%. Leidos’s dividend payout ratio is currently 17.32%.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total transaction of $203,320.16. Following the completion of the sale, the director now directly owns 6,408 shares of the company’s stock, valued at $862,260.48. This trade represents a 19.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 in the company, valued at approximately $1,478,287.36. This represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. increased its position in Leidos by 1,460.0% in the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 146 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Leidos during the fourth quarter valued at approximately $25,000. Duncker Streett & Co. Inc. acquired a new stake in shares of Leidos in the fourth quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new position in Leidos in the 3rd quarter worth approximately $29,000. Finally, Berbice Capital Management LLC acquired a new position in Leidos during the 4th quarter worth $29,000. 76.12% of the stock is owned by institutional investors.

About Leidos

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.