Teacher Retirement System of Texas Raises Stock Holdings in Leidos Holdings, Inc. (NYSE:LDOS)

Teacher Retirement System of Texas boosted its holdings in Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 151.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 548,748 shares of the aerospace company's stock after purchasing an additional 330,623 shares during the quarter. Teacher Retirement System of Texas owned about 0.41% of Leidos worth $79,053,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp boosted its position in shares of Leidos by 1.0% in the 3rd quarter. State Street Corp now owns 5,800,357 shares of the aerospace company's stock worth $945,458,000 after purchasing an additional 56,066 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Leidos by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,504,392 shares of the aerospace company's stock valued at $571,216,000 after buying an additional 405,256 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Leidos by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,365,903 shares of the aerospace company's stock worth $546,912,000 after acquiring an additional 42,358 shares in the last quarter. FMR LLC grew its stake in shares of Leidos by 27.8% in the third quarter. FMR LLC now owns 2,405,726 shares of the aerospace company's stock worth $392,133,000 after acquiring an additional 522,764 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Leidos by 2.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,153,420 shares of the aerospace company's stock valued at $351,007,000 after acquiring an additional 53,307 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company's stock.

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Insiders Place Their Bets

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

Leidos Stock Performance

Shares of LDOS stock traded up $1.95 during mid-day trading on Monday, reaching $135.78. 1,078,102 shares of the company's stock traded hands, compared to its average volume of 1,085,256. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market capitalization of $17.41 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72. Leidos Holdings, Inc. has a 12 month low of $123.23 and a 12 month high of $202.90. The firm has a 50 day moving average price of $139.37 and a two-hundred day moving average price of $154.29.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results 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%. On average, research analysts forecast that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, March 14th. Leidos's dividend payout ratio is currently 17.32%.

Analyst Ratings Changes

LDOS has been the topic of a number of analyst reports. Cantor Fitzgerald upgraded shares of Leidos to a "strong-buy" rating in a research note on Tuesday, February 25th. UBS Group dropped their target price on shares of Leidos from $162.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Truist Financial reduced their price target on shares of Leidos from $185.00 to $165.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on Leidos from $197.00 to $191.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group downgraded Leidos from a "buy" rating to a "neutral" rating and cut their target price for the company from $228.00 to $153.00 in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Leidos has a consensus rating of "Moderate Buy" and an average price target of $178.07.

Leidos Profile

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.