Brokerages Set Leidos Holdings, Inc. (NYSE:LDOS) Price Target at $163.80

Shares of Leidos Holdings, Inc. (NYSE:LDOS) have been assigned an average rating of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $163.80.

A number of brokerages have issued reports on LDOS. Citigroup cut their target price on Leidos from $178.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Wells Fargo & Company set a $125.00 price target on Leidos in a research report on Wednesday, June 17th. Bank of America reaffirmed a “neutral” rating and issued a $125.00 price objective (down from $200.00) on shares of Leidos in a research note on Wednesday, June 17th. The Goldman Sachs Group decreased their target price on Leidos from $171.00 to $152.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, BNP Paribas Exane initiated coverage on Leidos in a report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 target price for the company.

Insider Activity

In other news, Director Gary Stephen May sold 1,484 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the transaction, the director owned 10,137 shares of the company’s stock, valued at approximately $1,345,686.75. This trade represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Leidos

A number of hedge funds have recently added to or reduced their stakes in the business. Insight Wealth Strategies LLC grew its stake in shares of Leidos by 55.1% in the second quarter. Insight Wealth Strategies LLC now owns 42,747 shares of the aerospace company’s stock worth $4,406,000 after acquiring an additional 15,192 shares in the last quarter. Tema ETFs LLC raised its stake in shares of Leidos by 28.3% in the second quarter. Tema ETFs LLC now owns 2,622 shares of the aerospace company’s stock valued at $270,000 after acquiring an additional 579 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Leidos by 4.9% in the second quarter. Fulton Bank N.A. now owns 2,260 shares of the aerospace company’s stock valued at $233,000 after acquiring an additional 106 shares in the last quarter. Atwood & Palmer Inc. boosted its holdings in Leidos by 0.7% in the second quarter. Atwood & Palmer Inc. now owns 258,982 shares of the aerospace company’s stock valued at $26,667,000 after purchasing an additional 1,908 shares during the period. Finally, Czech National Bank boosted its holdings in Leidos by 2.8% in the second quarter. Czech National Bank now owns 35,803 shares of the aerospace company’s stock valued at $3,687,000 after purchasing an additional 982 shares during the period. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Price Performance

Shares of LDOS opened at $114.56 on Thursday. The firm has a 50-day simple moving average of $113.79 and a two-hundred day simple moving average of $147.61. The stock has a market cap of $14.41 billion, a PE ratio of 10.49, a P/E/G ratio of 1.73 and a beta of 0.54. Leidos has a 1-year low of $98.86 and a 1-year high of $205.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.40 and a quick ratio of 1.29.

Leidos (NYSE:LDOS) last issued its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 EPS for the quarter, topping the consensus estimate of $2.88 by $0.25. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos had a net margin of 8.15% and a return on equity of 31.92%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. As a group, analysts forecast that Leidos will post 12.3 EPS for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.43 per share. The ex-dividend date was Monday, June 15th. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. Leidos’s dividend payout ratio is 15.75%.

Leidos Company Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.