Teacher Retirement System of Texas Sells 273,780 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

Teacher Retirement System of Texas decreased its stake in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 49.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,968 shares of the aerospace company's stock after selling 273,780 shares during the period. Teacher Retirement System of Texas owned approximately 0.21% of Leidos worth $37,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in Leidos by 20.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 454 shares of the aerospace company's stock valued at $65,000 after acquiring an additional 77 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Leidos by 4.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,680 shares of the aerospace company's stock worth $242,000 after purchasing an additional 77 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Leidos by 9.1% during the first quarter. Parallel Advisors LLC now owns 968 shares of the aerospace company's stock valued at $131,000 after purchasing an additional 81 shares during the period. Global Financial Private Client LLC raised its stake in shares of Leidos by 1.4% in the first quarter. Global Financial Private Client LLC now owns 7,085 shares of the aerospace company's stock valued at $956,000 after purchasing an additional 100 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its stake in shares of Leidos by 6.7% in the fourth quarter. Interchange Capital Partners LLC now owns 1,690 shares of the aerospace company's stock valued at $244,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 76.12% of the company's stock.

Insider Transactions at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 1,250 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $154.55, for a total transaction of $193,187.50. Following the sale, the director owned 20,195 shares of the company's stock, valued at $3,121,137.25. This represents a 5.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LDOS. Baird R W downgraded shares of Leidos from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th. Stifel Nicolaus set a $178.00 target price on shares of Leidos and gave the company a "buy" rating in a research report on Tuesday, June 24th. Truist Financial lowered their target price on shares of Leidos from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. UBS Group raised their price target on shares of Leidos from $149.00 to $168.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Leidos from a "buy" rating to a "strong-buy" rating in a report on Saturday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.46.

Leidos Price Performance

Shares of NYSE:LDOS traded up $2.04 during trading on Friday, reaching $164.66. The stock had a trading volume of 950,883 shares, compared to its average volume of 1,277,497. The stock has a market capitalization of $21.20 billion, a PE ratio of 16.57, a P/E/G ratio of 1.99 and a beta of 0.64. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.54 and a quick ratio of 1.42. Leidos Holdings, Inc. has a 52 week low of $123.62 and a 52 week high of $202.90. The business's 50-day moving average price is $152.12 and its 200 day moving average price is $144.37.

Leidos (NYSE:LDOS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.50. The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.11 billion. Leidos had a return on equity of 32.62% and a net margin of 7.87%. The business's revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $2.29 EPS. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Leidos's dividend payout ratio 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.