Leidos (NYSE:LDOS) Trading Down 7.2% - What's Next?

Shares of Leidos Holdings, Inc. (NYSE:LDOS - Get Free Report) were down 7.2% on Thursday . The stock traded as low as $156.53 and last traded at $149.43. Approximately 98,325 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,087,214 shares. The stock had previously closed at $161.11.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Leidos from $205.00 to $199.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on Leidos from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Truist Financial lowered their target price on Leidos from $205.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, November 22nd. TD Cowen lowered Leidos from a "buy" rating to a "hold" rating and dropped their price objective for the company from $200.00 to $165.00 in a research note on Wednesday, January 8th. Finally, Citigroup raised their target price on Leidos from $194.00 to $220.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $179.07.

Leidos Stock Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.15 and a current ratio of 1.23. The business's 50-day moving average is $154.24 and its 200-day moving average is $158.22. The company has a market capitalization of $19.48 billion, a PE ratio of 16.63, a PEG ratio of 1.06 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The aerospace company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the firm earned $2.03 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Leidos Holdings, Inc. will post 10.03 earnings per share for the current year.

Insider Activity at Leidos

In other Leidos news, Director Surya N. Mohapatra sold 2,748 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $194.97, for a total transaction of $535,777.56. Following the completion of the sale, the director now directly owns 20,001 shares in the company, valued at $3,899,594.97. The trade was a 12.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel B. Geer acquired 2,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $161.13 per share, for a total transaction of $322,260.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $322,260. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Leidos

A number of hedge funds have recently modified their holdings of LDOS. Sei Investments Co. lifted its holdings in Leidos by 10.3% during the second quarter. Sei Investments Co. now owns 44,132 shares of the aerospace company's stock valued at $6,438,000 after purchasing an additional 4,106 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Leidos by 301.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 83,351 shares of the aerospace company's stock valued at $12,159,000 after buying an additional 62,596 shares in the last quarter. ProShare Advisors LLC raised its holdings in Leidos by 9.4% during the second quarter. ProShare Advisors LLC now owns 28,554 shares of the aerospace company's stock valued at $4,165,000 after acquiring an additional 2,453 shares during the period. 1832 Asset Management L.P. purchased a new position in Leidos in the 2nd quarter worth approximately $34,000. Finally, Gabelli Funds LLC purchased a new stake in Leidos during the 2nd quarter valued at approximately $209,000. 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.