Leidos Holdings, Inc. (LDOS) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Leidos Holdings, Inc. (NYSE:LDOS) from a hold rating to a buy rating in a report published on Thursday. They currently have $60.00 price target on the aerospace company’s stock.

According to Zacks, “Leidos Holdings Inc. provides science and technology solutions. The company operates in four segments: Defense Solutions; Health, Energy and Civil Solutions; Intelligence and Cybersecurity Solutions, and Corporate and other. It serves in the areas of national security, engineering and health. Leidos Holdings Inc., formerly known as SAIC, Inc., is headquartered in McLean, Virginia. “

Several other research analysts also recently issued reports on the stock. Vertical Research initiated coverage on shares of Leidos Holdings in a research report on Thursday, March 16th. They set a buy rating and a $67.00 price target on the stock. Cowen and Company upped their price target on shares of Leidos Holdings from $58.00 to $62.00 and gave the stock an outperform rating in a research report on Friday, May 5th. Finally, TheStreet upgraded shares of Leidos Holdings from a c rating to a b- rating in a research report on Friday, February 24th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $56.50.

Leidos Holdings (NYSE:LDOS) traded up 1.03% during mid-day trading on Thursday, hitting $52.06. 754,666 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $52.16 and a 200 day moving average of $50.90. Leidos Holdings has a 52 week low of $37.79 and a 52 week high of $55.25. The stock has a market capitalization of $7.86 billion, a P/E ratio of 24.50 and a beta of 1.63.

Leidos Holdings (NYSE:LDOS) last issued its quarterly earnings results on Thursday, May 4th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.54 billion. Leidos Holdings had a net margin of 5.36% and a return on equity of 18.93%. The firm’s quarterly revenue was up 96.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Equities analysts forecast that Leidos Holdings will post $3.34 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.48%. Leidos Holdings’s payout ratio is presently 34.32%.

In other Leidos Holdings news, Director John P. Jumper sold 42,381 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $53.73, for a total transaction of $2,277,131.13. Following the transaction, the director now directly owns 253,318 shares in the company, valued at approximately $13,610,776.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LDOS. KCG Holdings Inc. increased its position in Leidos Holdings by 231.4% in the third quarter. KCG Holdings Inc. now owns 31,950 shares of the aerospace company’s stock worth $1,383,000 after buying an additional 22,309 shares during the last quarter. Profund Advisors LLC increased its position in Leidos Holdings by 95.1% in the third quarter. Profund Advisors LLC now owns 19,682 shares of the aerospace company’s stock worth $852,000 after buying an additional 9,593 shares during the last quarter. Morgan Stanley increased its position in Leidos Holdings by 144.3% in the third quarter. Morgan Stanley now owns 1,437,700 shares of the aerospace company’s stock worth $62,223,000 after buying an additional 849,221 shares during the last quarter. Northern Trust Corp increased its position in Leidos Holdings by 107.6% in the third quarter. Northern Trust Corp now owns 1,278,062 shares of the aerospace company’s stock worth $55,315,000 after buying an additional 662,317 shares during the last quarter. Finally, Westpac Banking Corp acquired a new position in Leidos Holdings during the third quarter worth about $276,000. Institutional investors own 72.85% of the company’s stock.

Leidos Holdings 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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