Shares of Leidos Holdings Inc (NYSE:LDOS) have been given an average rating of “Buy” by the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $74.25.

Several research firms have issued reports on LDOS. ValuEngine upgraded Leidos from a “hold” rating to a “buy” rating in a research note on Thursday. Goldman Sachs Group reiterated a “neutral” rating and set a $75.00 target price on shares of Leidos in a research note on Thursday. Cowen reaffirmed a “buy” rating and issued a $77.00 target price on shares of Leidos in a report on Tuesday, April 30th. Drexel Hamilton reaffirmed a “buy” rating and issued a $75.00 target price on shares of Leidos in a report on Friday, February 22nd. Finally, Zacks Investment Research raised Leidos from a “sell” rating to a “hold” rating in a report on Monday, February 11th.

Several hedge funds have recently modified their holdings of LDOS. Lunia Capital LP boosted its holdings in shares of Leidos by 5,549.2% in the 4th quarter. Lunia Capital LP now owns 17,376,986 shares of the aerospace company’s stock valued at $17,377,000 after purchasing an additional 17,069,387 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Leidos by 5,498.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,142,692 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 3,086,560 shares during the last quarter. Norges Bank bought a new position in shares of Leidos in the 4th quarter valued at $78,454,000. Victory Capital Management Inc. lifted its stake in shares of Leidos by 34.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,900,180 shares of the aerospace company’s stock valued at $152,898,000 after acquiring an additional 738,363 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Leidos by 105.2% in the 1st quarter. First Trust Advisors LP now owns 1,415,365 shares of the aerospace company’s stock valued at $90,711,000 after acquiring an additional 725,477 shares during the last quarter. 76.65% of the stock is currently owned by hedge funds and other institutional investors.

LDOS opened at $75.48 on Monday. Leidos has a 52-week low of $50.33 and a 52-week high of $75.79. The stock has a market cap of $10.88 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.72 and a beta of 1.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.23 and a current ratio of 1.23.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, April 30th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.13. Leidos had a return on equity of 20.08% and a net margin of 6.47%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Leidos’s revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Leidos will post 4.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, June 13th. Leidos’s dividend payout ratio is presently 29.22%.

About Leidos

Leidos Holdings, Inc provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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