Leidos (NYSE:LDOS) Stock Rating Lowered by StockNews.com

Leidos (NYSE:LDOS) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Other research analysts have also recently issued research reports about the stock. Truist Financial lowered their price target on shares of Leidos from $185.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. TD Cowen cut shares of Leidos from a “buy” rating to a “hold” rating and lowered their target price for the company from $200.00 to $165.00 in a report on Wednesday, January 8th. William Blair cut shares of Leidos from an “outperform” rating to a “market perform” rating in a report on Friday, February 21st. The Goldman Sachs Group cut shares of Leidos from a “buy” rating to a “neutral” rating and lowered their target price for the company from $228.00 to $153.00 in a report on Thursday, December 12th. Finally, Cantor Fitzgerald upgraded shares of Leidos to a “strong-buy” rating in a report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $175.87.

Leidos Trading Up 0.2 %

NYSE LDOS opened at $129.92 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 0.91. Leidos has a 52 week low of $123.22 and a 52 week high of $202.90. The stock has a market capitalization of $17.04 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The firm has a 50 day moving average of $142.59 and a two-hundred day moving average of $156.24.

Leidos (NYSE:LDOS) last posted its quarterly earnings results on Tuesday, February 11th. The aerospace company reported $2.37 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%. As a group, research analysts expect that Leidos will post 10.62 EPS for the current fiscal year.

Insider Transactions at Leidos

In other news, Director Gary Stephen May sold 2,128 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the sale, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $203,320.16. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. grew its holdings in shares of Leidos by 1,460.0% during the third quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock worth $25,000 after buying an additional 146 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Leidos during the fourth quarter worth about $25,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Leidos during the fourth quarter worth about $27,000. REAP Financial Group LLC grew its holdings in shares of Leidos by 422.2% during the fourth quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company’s stock worth $27,000 after buying an additional 152 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Leidos during the third quarter worth about $29,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

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.