Leidos (NYSE:LDOS) Price Target Cut to $156.00 by Analysts at UBS Group

Leidos (NYSE:LDOS) had its target price lowered by UBS Group from $162.00 to $156.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the aerospace company’s stock.

LDOS has been the subject of a number of other research reports. The Goldman Sachs Group lowered Leidos from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $228.00 to $153.00 in a report on Thursday, December 12th. TD Cowen cut Leidos from a “buy” rating to a “hold” rating and reduced their price objective for the company from $200.00 to $165.00 in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on Leidos from $199.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday. Cantor Fitzgerald began coverage on Leidos in a research report on Friday, February 7th. They set an “overweight” rating and a $185.00 price objective for the company. Finally, Citigroup boosted their price target on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Leidos has an average rating of “Moderate Buy” and an average target price of $176.27.

Leidos Trading Up 1.2 %

Shares of LDOS stock opened at $132.22 on Wednesday. Leidos has a 1-year low of $120.98 and a 1-year high of $202.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The business has a 50-day moving average of $147.55 and a 200 day moving average of $157.29. The stock has a market capitalization of $17.64 billion, a PE ratio of 15.06, a P/E/G ratio of 0.92 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 for the quarter, beating analysts’ consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.31% and a net margin of 7.37%. As a group, sell-side analysts anticipate that Leidos will post 10.03 earnings per share 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 given a dividend of $0.40 per share. The ex-dividend date is Friday, March 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. Leidos’s dividend payout ratio (DPR) is presently 18.22%.

Insider Buying and Selling at Leidos

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares of the company’s stock, valued at $862,260.48. This represents a 19.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel B. Geer bought 2,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $161.13 per share, for a total transaction of $322,260.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Hedge Funds Weigh In On Leidos

Institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. raised its stake in shares of Leidos by 1,460.0% during the 3rd quarter. Rakuten Securities Inc. now owns 156 shares of the aerospace company’s stock valued at $25,000 after buying an additional 146 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Leidos during the 4th quarter worth approximately $25,000. Duncker Streett & Co. Inc. acquired a new position in shares of Leidos during the fourth quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Leidos in the third quarter valued at approximately $29,000. Finally, Berbice Capital Management LLC acquired a new stake in shares of Leidos in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Leidos Company Profile

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.