Leidos (NYSE:LDOS) Price Target Cut to $200.00 by Analysts at Bank of America

Leidos (NYSE:LDOS) had its price objective decreased by Bank of America from $235.00 to $200.00 in a research report released on Tuesday,Benzinga reports. Bank of America currently has a buy rating on the aerospace company’s stock.

A number of other research firms also recently issued reports on LDOS. Wells Fargo & Company began coverage on shares of Leidos in a report on Wednesday, April 1st. They set an “equal weight” rating and a $165.00 price objective for the company. Jefferies Financial Group set a $185.00 price objective on shares of Leidos in a report on Wednesday, April 8th. Royal Bank Of Canada reduced their target price on shares of Leidos from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Citigroup lifted their target price on shares of Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Truist Financial reduced their target price on shares of Leidos from $220.00 to $195.00 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Leidos currently has an average rating of “Moderate Buy” and an average target price of $202.82.

Leidos Stock Performance

NYSE LDOS opened at $153.30 on Tuesday. Leidos has a 52-week low of $138.55 and a 52-week high of $205.77. The company has a 50-day simple moving average of $166.00 and a 200 day simple moving average of $181.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.58 and a current ratio of 1.70. The company has a market capitalization of $19.33 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, February 17th. The aerospace company reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.19. Leidos had a net margin of 8.43% and a return on equity of 32.95%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter last year, the company posted $2.37 earnings per share. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. On average, research analysts predict that Leidos will post 12.25 EPS for the current year.

Leidos Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a $0.43 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.1%. Leidos’s dividend payout ratio (DPR) is presently 15.45%.

Insider Buying and Selling at Leidos

In other news, insider Elizabeth A. Porter sold 2,000 shares of Leidos stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $158.78, for a total value of $317,560.00. Following the completion of the transaction, the insider owned 49,476 shares in the company, valued at $7,855,799.28. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Leidos

Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in Leidos by 3.7% during the fourth quarter. State Street Corp now owns 6,022,359 shares of the aerospace company’s stock valued at $1,086,434,000 after acquiring an additional 217,141 shares in the last quarter. Geode Capital Management LLC grew its stake in Leidos by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,538,488 shares of the aerospace company’s stock valued at $636,097,000 after acquiring an additional 64,909 shares in the last quarter. Van ECK Associates Corp grew its stake in Leidos by 6.4% during the third quarter. Van ECK Associates Corp now owns 2,411,312 shares of the aerospace company’s stock valued at $455,642,000 after acquiring an additional 145,826 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Leidos by 1.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,221,518 shares of the aerospace company’s stock valued at $419,778,000 after acquiring an additional 39,378 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Leidos by 26.0% during the third quarter. Alliancebernstein L.P. now owns 1,926,646 shares of the aerospace company’s stock valued at $364,059,000 after acquiring an additional 397,385 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

About Leidos

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.