Teacher Retirement System of Texas Sells 21,811 Shares of Leidos Holdings, Inc. $LDOS

Teacher Retirement System of Texas trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 12.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,784 shares of the aerospace company’s stock after selling 21,811 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Leidos worth $29,248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Leidos by 3.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock worth $556,677,000 after buying an additional 111,813 shares during the period. Boston Partners increased its position in Leidos by 3.7% in the 2nd quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock valued at $460,203,000 after acquiring an additional 103,321 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Leidos by 1.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,221,518 shares of the aerospace company’s stock valued at $419,778,000 after acquiring an additional 39,378 shares during the last quarter. Norges Bank bought a new position in shares of Leidos during the second quarter valued at $261,501,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of Leidos by 64.4% during the second quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock worth $241,256,000 after purchasing an additional 598,974 shares during the period. 76.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Leidos

In related news, insider Elizabeth A. Porter sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $192.21, for a total transaction of $576,630.00. Following the transaction, the insider owned 38,575 shares in the company, valued at $7,414,500.75. The trade was a 7.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by corporate insiders.

Leidos Stock Performance

Shares of Leidos stock opened at $191.07 on Friday. The business has a 50-day moving average price of $188.95 and a two-hundred day moving average price of $183.69. Leidos Holdings, Inc. has a 1-year low of $123.62 and a 1-year high of $205.77. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 0.94. The company has a market cap of $24.43 billion, a P/E ratio of 17.82, a PEG ratio of 1.35 and a beta of 0.58.

Leidos (NYSE:LDOS) last announced its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 EPS for the quarter, beating the consensus estimate of $2.61 by $0.44. Leidos had a return on equity of 33.02% and a net margin of 8.11%.The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.28 billion. Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. As a group, analysts anticipate that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.43 per share. This is a positive change from Leidos’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.72 annualized dividend and a dividend yield of 0.9%. Leidos’s payout ratio is 16.04%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LDOS. Cantor Fitzgerald increased their price objective on Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $220.00 price target on shares of Leidos in a research report on Wednesday, January 7th. UBS Group set a $204.00 price target on Leidos in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a research note on Monday, December 29th. Finally, Citigroup upped their target price on Leidos from $218.00 to $232.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Leidos currently has an average rating of “Moderate Buy” and a consensus target price of $213.09.

Leidos Profile

Leidos is an American technology and engineering company that provides services and solutions to government and commercial customers, with a strong focus on national security, defense, intelligence, and civil government markets. The company delivers systems integration, engineering, cybersecurity, software development, data analytics, cloud migration and managed IT services, as well as mission support for complex programs. Leidos’ work spans areas such as C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance), secure communications, sensors and systems engineering, and health IT solutions for public-sector healthcare programs.

Leidos traces its corporate roots to Science Applications International Corporation (SAIC) and emerged as an independent, publicly traded company following a corporate separation in 2013.