California State Teachers Retirement System Decreases Position in Leidos Holdings, Inc. $LDOS

California State Teachers Retirement System cut its holdings in Leidos Holdings, Inc. (NYSE:LDOS) by 3.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 192,941 shares of the aerospace company’s stock after selling 6,228 shares during the period. California State Teachers Retirement System’s holdings in Leidos were worth $30,006,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LDOS. Longview Financial Advisors Inc. bought a new position in shares of Leidos during the first quarter valued at about $26,000. Hantz Financial Services Inc. increased its holdings in shares of 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 buying an additional 72 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Leidos in the 4th quarter valued at about $28,000. Rakuten Securities Inc. lifted its stake in shares of Leidos by 110.5% in the 4th quarter. Rakuten Securities Inc. now owns 160 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 84 shares during the last quarter. Finally, Wexford Capital LP purchased a new stake in Leidos during the 3rd quarter valued at about $32,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

Leidos Stock Performance

Leidos stock opened at $115.67 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.29 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average of $113.37 and a 200-day moving average of $146.78. The firm has a market cap of $14.55 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.65 and a beta of 0.54. Leidos Holdings, Inc. has a 1-year low of $98.86 and a 1-year high of $205.77.

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

Leidos declared that its Board of Directors has approved a share repurchase plan on Friday, July 31st that allows the company to buyback 20,000,000 shares. This buyback authorization allows the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LDOS shares. Stifel Nicolaus reduced their price target on Leidos from $205.00 to $193.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Bank of America reaffirmed a “neutral” rating and issued a $125.00 price target (down from $200.00) on shares of Leidos in a research note on Wednesday, June 17th. Citigroup lowered their price objective on Leidos from $178.00 to $138.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. JPMorgan Chase & Co. cut their target price on shares of Leidos from $210.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Finally, The Goldman Sachs Group decreased their target price on shares of Leidos from $171.00 to $152.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. One 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. According to MarketBeat.com, Leidos has a consensus rating of “Hold” and an average price target of $163.80.

Insiders Place Their Bets

In other Leidos news, Director Gary Stephen May sold 1,484 shares of the 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 approximately $1,345,686.75. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.77% of the company’s stock.

About Leidos

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.