Leidos Holdings (LDOS) continues to outperform its aerospace peers with solid growth prospects. With a series of major contract wins, including a $987M Air Force contract for F-16 Fleet Support using AI technology, a $107M Intelligence Contract with the NSA and a $249M Army force protection contract, the company's position is affirmed in the sector. Leidos has also seen strong institutional buying, with stake increments by various institutional shareholders. Its commitment to innovation is showcased with the launch of a $750K Innovation Studio Partnership with Hampton University. Stock analysts are bullish with TD Cowen upgrading the company's status to 'Strong-Buy'. The company reported strong Q3 earnings, surpassing expectations, and raised its 2024 EPS view. Leidos has observed a YTD surge of 48%, however it underperformed compared to competitors on certain days. The company continues its shareholder-friendly approach with a 5.3% hike in dividends and appears to use debt sensibly. It still appears as a reasonable P/E despite its strong performance. The stock hit a fresh high, making it an attractive long-term growth and value stock.
Leidos Holdings LDOS News Analytics from Fri, 28 Jun 2024 07:00:00 GMT to Fri, 20 Dec 2024 11:29:10 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
