California State Teachers Retirement System Has $31.55 Million Stock Position in Leidos Holdings, Inc. (NYSE:LDOS)

California State Teachers Retirement System reduced its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,033 shares of the aerospace company's stock after selling 1,756 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Leidos worth $31,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. acquired a new position in Leidos during the 4th quarter worth approximately $25,000. Duncker Streett & Co. Inc. bought a new stake in shares of Leidos in the 4th quarter valued at approximately $27,000. REAP Financial Group LLC increased its holdings in shares of Leidos by 422.2% in the 4th quarter. REAP Financial Group LLC now owns 188 shares of the aerospace company's stock valued at $27,000 after acquiring an additional 152 shares during the last quarter. Mather Group LLC. grew its stake in Leidos by 143.1% during the 4th quarter. Mather Group LLC. now owns 265 shares of the aerospace company's stock worth $38,000 after buying an additional 156 shares during the last quarter. Finally, Human Investing LLC bought a new position in Leidos during the 4th quarter worth $52,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gregory R. Dahlberg sold 1,250 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $154.55, for a total transaction of $193,187.50. Following the completion of the sale, the director now directly owns 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on LDOS shares. William Blair downgraded Leidos from an "outperform" rating to a "market perform" rating in a research note on Friday, February 21st. Truist Financial lowered their price objective on Leidos from $165.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird lowered Leidos from an "outperform" rating to a "neutral" rating and set a $163.00 price target for the company. in a research report on Tuesday. UBS Group boosted their price target on Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Cantor Fitzgerald upgraded Leidos to a "strong-buy" rating in a research report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.46.

Leidos Price Performance

Shares of Leidos stock traded up $0.92 during trading on Friday, hitting $148.42. The stock had a trading volume of 2,289,108 shares, compared to its average volume of 1,243,493. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.21 and a quick ratio of 1.13. The firm has a market cap of $19.10 billion, a P/E ratio of 16.06, a PEG ratio of 1.65 and a beta of 0.65. The business has a fifty day moving average of $145.89 and a two-hundred day moving average of $146.29. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90.

Leidos (NYSE:LDOS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.50. The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.11 billion. Leidos had a return on equity of 30.93% and a net margin of 7.53%. The company's revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.29 earnings per share. On average, sell-side analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. Leidos's dividend payout ratio (DPR) is 16.10%.

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.