California State Teachers Retirement System Sells 6,228 Shares of Leidos Holdings, Inc. $LDOS

California State Teachers Retirement System reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 3.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,941 shares of the aerospace company’s stock after selling 6,228 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Leidos worth $30,006,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. boosted its stake in Leidos by 13.4% during the fourth quarter. Richardson Financial Services Inc. now owns 517 shares of the aerospace company’s stock valued at $93,000 after buying an additional 61 shares during the period. Bryn Mawr Trust Advisors LLC increased its stake in Leidos by 4.8% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 1,337 shares of the aerospace company’s stock worth $241,000 after acquiring an additional 61 shares during the last quarter. Ritholtz Wealth Management increased its stake in Leidos by 0.3% in the 4th quarter. Ritholtz Wealth Management now owns 23,513 shares of the aerospace company’s stock worth $4,242,000 after acquiring an additional 62 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Leidos by 19.4% in 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 in the last quarter. Finally, Keybank National Association OH raised its holdings in shares of Leidos by 3.6% in the 4th quarter. Keybank National Association OH now owns 1,855 shares of the aerospace company’s stock valued at $335,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 76.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BNP Paribas Exane began coverage on Leidos in a research report on Wednesday, May 27th. They set an “outperform” rating and a $165.00 price target for the company. Royal Bank Of Canada decreased their price objective on shares of Leidos from $215.00 to $180.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Truist Financial lowered their target price on shares of Leidos from $195.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Jefferies Financial Group dropped their target price on shares of Leidos from $140.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Leidos from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Leidos presently has an average rating of “Hold” and a consensus target price of $163.80.

Insiders Place Their Bets

In related news, Director Gary Stephen May sold 1,484 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $132.75, for a total value of $197,001.00. Following the completion of the sale, the director owned 10,137 shares in the company, valued at $1,345,686.75. The trade was a 12.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.77% of the stock is owned by insiders.

Leidos Trading Up 2.9%

NYSE LDOS opened at $115.67 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.40 and a debt-to-equity ratio of 1.19. The stock’s 50-day simple moving average is $113.37 and its two-hundred day simple moving average is $146.78. Leidos Holdings, Inc. has a twelve month low of $98.86 and a twelve month high of $205.77. The company has a market capitalization of $14.55 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.65 and a beta of 0.54.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.25. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.28 billion. Leidos had a return on equity of 31.92% and a net margin of 8.15%.The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.97 EPS. Leidos has set its FY 2026 guidance at 12.100-12.500 EPS. Research analysts forecast that Leidos Holdings, Inc. will post 12.3 EPS for the current fiscal year.

Leidos declared that its board has approved a stock repurchase program on Friday, July 31st that allows the company to buyback 20,000,000 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.