California Public Employees Retirement System Sells 124,862 Shares of Leidos Holdings, Inc. $LDOS

California Public Employees Retirement System trimmed its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 19.6% during the second quarter, Holdings Channel reports. The firm owned 512,098 shares of the aerospace company’s stock after selling 124,862 shares during the period. California Public Employees Retirement System’s holdings in Leidos were worth $80,789,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. First Pacific Financial bought a new position in shares of Leidos during the 2nd quarter worth approximately $27,000. Raleigh Capital Management Inc. acquired a new position in Leidos during the second quarter worth $29,000. True Wealth Design LLC boosted its stake in shares of Leidos by 471.4% in the 2nd quarter. True Wealth Design LLC now owns 200 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. Mountain Hill Investment Partners Corp. boosted its stake in shares of Leidos by 66.2% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 216 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 86 shares in the last quarter. Finally, REAP Financial Group LLC grew its holdings in shares of Leidos by 50.0% in the 2nd quarter. REAP Financial Group LLC now owns 228 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 76 shares during the last quarter. 76.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LDOS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Leidos in a report on Monday, November 24th. Cantor Fitzgerald lifted their target price on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Wall Street Zen raised Leidos from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. Truist Financial restated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Leidos in a research report on Tuesday, November 4th. Finally, Argus lifted their price objective on Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $199.23.

Leidos Stock Performance

Shares of Leidos stock opened at $185.60 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. The firm has a 50 day simple moving average of $190.86 and a 200 day simple moving average of $175.15. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $205.77. The firm has a market cap of $23.73 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.37 and a beta of 0.58.

Leidos (NYSE:LDOS) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.44. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.28 billion. Leidos had a return on equity of 33.02% and a net margin of 8.11%.Leidos has set its FY 2025 guidance at 11.450-11.75 EPS. Sell-side analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current fiscal year.

Leidos Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.43 dividend. This is a positive change from Leidos’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, December 15th. Leidos’s dividend payout ratio (DPR) is 14.93%.

Leidos Company 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.