California State Teachers Retirement System Buys 1,578 Shares of Leidos Holdings, Inc. $LDOS

California State Teachers Retirement System increased its position in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,519 shares of the aerospace company's stock after buying an additional 1,578 shares during the period. California State Teachers Retirement System owned 0.16% of Leidos worth $20,029,621 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. boosted its position in shares of Leidos by 19.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 381 shares of the aerospace company's stock valued at $69,000 after acquiring an additional 62 shares during the last quarter. 44 Wealth Management LLC raised its stake in shares of Leidos by 1.3% during the fourth quarter. 44 Wealth Management LLC now owns 5,570 shares of the aerospace company's stock valued at $1,005,000 after purchasing an additional 70 shares during the period. Hantz Financial Services Inc. lifted its holdings in Leidos by 94.7% in the fourth quarter. Hantz Financial Services Inc. now owns 148 shares of the aerospace company's stock worth $27,000 after acquiring an additional 72 shares during the last quarter. Fulton Bank N.A. grew its holdings in Leidos by 3.9% during the first quarter. Fulton Bank N.A. now owns 2,154 shares of the aerospace company's stock worth $335,000 after acquiring an additional 80 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in shares of Leidos by 30.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 353 shares of the aerospace company's stock worth $64,000 after acquiring an additional 82 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

Leidos Stock Performance

LDOS stock traded down $1.90 during mid-day trading on Tuesday, reaching $130.93. The company had a trading volume of 444,558 shares, compared to its average volume of 1,315,873. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $16.43 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.44 and a beta of 0.56. Leidos Holdings, Inc. has a one year low of $98.86 and a one year high of $205.77. The stock's 50-day simple moving average is $126.13 and its two-hundred day simple moving average is $135.79.

Leidos (NYSE:LDOS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.91 by $0.35. Leidos had a net margin of 7.80% and a return on equity of 30.81%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the firm posted $3.21 earnings per share. Leidos's revenue was up 7.2% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.200-12.500 EPS. Research analysts anticipate that Leidos Holdings, Inc. will post 12.28 EPS for the current year.

Leidos announced that its board has approved a stock repurchase plan on Friday, July 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Leidos Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 15th. Leidos's payout ratio is 16.04%.

Insider Activity at Leidos

In other news, Director Gary May sold 1,000 shares of Leidos stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $140.85, for a total value of $140,850.00. Following the transaction, the director owned 10,204 shares of the company's stock, valued at $1,437,233.40. The trade was a 8.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel B. Geer sold 10,000 shares of Leidos stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $140.66, for a total value of $1,406,600.00. Following the completion of the sale, the director directly owned 34,274 shares in the company, valued at $4,820,980.84. This represents a 22.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

LDOS has been the subject of several analyst reports. Truist Financial decreased their target price on Leidos from $195.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Wall Street Zen raised shares of Leidos from a "hold" rating to a "buy" rating in a report on Thursday, July 16th. BNP Paribas Exane upped their price objective on shares of Leidos from $165.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. UBS Group increased their price target on Leidos from $124.00 to $138.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company set a $165.00 price objective on shares of Leidos in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Leidos has an average rating of "Hold" and an average price target of $162.93.

About Leidos

Leidos Holdings, Inc NYSE: LDOS is a technology, engineering and services company that supports government and commercial customers in the defense, intelligence, civil and health markets. The company provides mission-critical solutions involving information technology, cybersecurity, data analytics, artificial intelligence, systems integration, engineering and scientific research.

Its defense and intelligence activities include command-and-control systems, mission software, surveillance and reconnaissance solutions, logistics, aircraft and weapons systems support, and national security services.

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