Leidos Holdings, Inc. (NYSE:LDOS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,911 shares of the aerospace company's stock after selling 3,263 shares during the quarter. New York State Teachers Retirement System owned 0.10% of Leidos worth $19,003,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Leidos by 39.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,464 shares of the aerospace company's stock worth $1,800,000 after purchasing an additional 3,534 shares during the last quarter. Fiduciary Trust Co increased its position in Leidos by 36.4% during the third quarter. Fiduciary Trust Co now owns 23,941 shares of the aerospace company's stock worth $3,902,000 after buying an additional 6,395 shares in the last quarter. Atria Investments Inc increased its position in Leidos by 100.1% during the third quarter. Atria Investments Inc now owns 8,837 shares of the aerospace company's stock worth $1,440,000 after buying an additional 4,421 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Leidos by 51.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock worth $136,491,000 after buying an additional 283,558 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Leidos by 21.4% during the third quarter. Los Angeles Capital Management LLC now owns 55,165 shares of the aerospace company's stock worth $8,992,000 after buying an additional 9,710 shares in the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Trading Down 1.0 %

LDOS stock traded down $1.34 during trading on Thursday, reaching $130.17. 1,953,865 shares of the stock traded hands, compared to its average volume of 1,481,271. The business's 50 day moving average price is $145.35 and its 200-day moving average price is $156.95. Leidos Holdings, Inc. has a 52-week low of $122.76 and a 52-week high of $202.90. 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 capitalization of $17.07 billion, a PE ratio of 14.09, a P/E/G ratio of 1.67 and a beta of 0.66.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The aerospace company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.24 by $0.13. Leidos had a return on equity of 30.93% and a net margin of 7.53%. As a group, sell-side analysts forecast that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, March 14th. Leidos's dividend payout ratio is presently 17.32%.

Insiders Place Their Bets

In related news, Director Robert C. Kovarik, Jr. sold 1,511 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $134.56, for a total value of $203,320.16. Following the transaction, the director now owns 6,408 shares in the company, valued at approximately $862,260.48. The trade was a 19.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Stephen May sold 2,128 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $131.24, for a total value of $279,278.72. Following the completion of the transaction, the director now owns 11,264 shares in the company, valued at approximately $1,478,287.36. This trade represents a 15.89 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LDOS shares. Robert W. Baird raised their price target on Leidos from $180.00 to $218.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Leidos from $199.00 to $197.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Cantor Fitzgerald initiated coverage on Leidos in a research report on Friday, February 7th. They set an "overweight" rating and a $185.00 price target for the company. Royal Bank of Canada lifted their price objective on Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. Finally, UBS Group lowered their price objective on Leidos from $162.00 to $156.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $176.27.

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.