Truist Financial Raises Leidos (NYSE:LDOS) Price Target to $150.00

Leidos (NYSE:LDOS - Get Free Report) had its price target increased by equities researchers at Truist Financial from $135.00 to $150.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's target price points to a potential upside of 18.02% from the stock's current price.

LDOS has been the subject of a number of other reports. Barclays upgraded Leidos from an "equal weight" rating to an "overweight" rating in a research report on Friday, January 5th. Royal Bank of Canada lifted their target price on shares of Leidos from $105.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 14th. Argus upped their price objective on Leidos from $120.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Robert W. Baird increased their price target on Leidos from $133.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Finally, TheStreet upgraded shares of Leidos from a "c" rating to a "b" rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Leidos has an average rating of "Buy" and an average target price of $132.18.

Leidos Price Performance

Shares of Leidos stock traded down $2.14 during mid-day trading on Tuesday, reaching $127.10. 713,468 shares of the stock traded hands, compared to its average volume of 814,232. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average of $124.35 and a 200 day moving average of $110.58. The stock has a market capitalization of $17.18 billion, a PE ratio of 89.51, a PEG ratio of 1.78 and a beta of 0.70. Leidos has a fifty-two week low of $76.58 and a fifty-two week high of $131.50.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.25. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The company had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the firm posted $1.83 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Leidos will post 7.76 EPS for the current year.

Insider Buying and Selling

In other news, Director David G. Fubini sold 7,874 shares of Leidos stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares of the company's stock, valued at approximately $1,879,471.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Gary Stephen May sold 2,745 shares of the business's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $124.49, for a total transaction of $341,725.05. Following the completion of the sale, the director now owns 11,352 shares in the company, valued at approximately $1,413,210.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David G. Fubini sold 7,874 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the transaction, the director now owns 14,696 shares of the company's stock, valued at approximately $1,879,471.44. The disclosure for this sale can be found here. Insiders own 0.96% of the company's stock.

Institutional Trading of Leidos

Several institutional investors and hedge funds have recently made changes to their positions in LDOS. Vanguard Group Inc. boosted its stake in Leidos by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 15,087,661 shares of the aerospace company's stock worth $1,629,768,000 after purchasing an additional 236,272 shares during the period. BlackRock Inc. lifted its stake in shares of Leidos by 10.9% in the 1st quarter. BlackRock Inc. now owns 15,010,106 shares of the aerospace company's stock worth $1,381,830,000 after acquiring an additional 1,475,772 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Leidos by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 4,923,663 shares of the aerospace company's stock valued at $532,937,000 after acquiring an additional 39,174 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Leidos by 6.2% in the 3rd quarter. Wellington Management Group LLP now owns 4,660,386 shares of the aerospace company's stock valued at $429,501,000 after purchasing an additional 272,090 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Leidos by 5.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,044,206 shares of the aerospace company's stock valued at $280,554,000 after purchasing an additional 169,351 shares in the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

About Leidos

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.