Zacks Investment Research lowered shares of Leidos (NYSE:LDOS) from a buy rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “Leidos Holdings, Inc. (Leidos) is a holding company whose direct 100%-owned subsidiaries and principal operating companies are Leidos, Inc. and Leidos Innovations Corporation. Leidos is a global science and technology company that provides technology and engineering services and solutions in the defense, intelligence, civil and health markets. Their domestic customers include agencies of the U.S. Department of Defense, the U.S. Intelligence Community, the U.S. Department of Homeland Security, the Federal Aviation Administration, the Department of Health and Human Services, other U.S. Government civil agencies and state and local government agencies. Their international customers include foreign governments and their agencies, primarily located in the United Kingdom, the Middle East and Australia. “

A number of other equities research analysts have also issued reports on LDOS. BidaskClub upgraded shares of Leidos from a hold rating to a buy rating in a report on Wednesday, September 27th. Cowen reiterated a buy rating and set a $66.00 target price on shares of Leidos in a report on Tuesday, September 19th. Jefferies Group reiterated a buy rating and set a $75.00 target price on shares of Leidos in a report on Thursday, October 5th. TheStreet upgraded shares of Leidos from a c+ rating to a b+ rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a hold rating and set a $68.00 target price on shares of Leidos in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $69.33.

Leidos (NYSE LDOS) traded down $0.41 during trading on Tuesday, reaching $67.03. 669,456 shares of the company’s stock were exchanged, compared to its average volume of 778,511. The firm has a market cap of $10,200.00, a price-to-earnings ratio of 35.84, a PEG ratio of 1.70 and a beta of 1.66. Leidos has a 12 month low of $47.81 and a 12 month high of $67.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.27.

Leidos (NYSE:LDOS) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.14. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.55 billion. Leidos had a net margin of 3.04% and a return on equity of 17.20%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 EPS. analysts predict that Leidos will post 3.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.91%. Leidos’s payout ratio is 68.45%.

In other news, Director John P. Jumper sold 61,212 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $64.06, for a total value of $3,921,240.72. Following the sale, the director now directly owns 306,709 shares in the company, valued at approximately $19,647,778.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Leidos by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after purchasing an additional 18 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Leidos by 31.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after purchasing an additional 513 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Leidos by 263.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 2,254 shares in the last quarter. Hanseatic Management Services Inc. acquired a new stake in shares of Leidos in the 2nd quarter valued at $174,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Leidos in the 2nd quarter valued at $209,000. Institutional investors and hedge funds own 73.48% of the company’s stock.

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Leidos 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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