California Public Employees Retirement System Sells 70,770 Shares of Leidos Holdings, Inc. $LDOS

California Public Employees Retirement System trimmed its position in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 441,328 shares of the aerospace company’s stock after selling 70,770 shares during the quarter. California Public Employees Retirement System’s holdings in Leidos were worth $83,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LDOS. Mather Group LLC. bought a new position in shares of Leidos in the third quarter valued at approximately $28,000. First Horizon Corp bought a new stake in Leidos during the 3rd quarter worth approximately $39,000. Motco acquired a new stake in Leidos during the 3rd quarter valued at $43,000. Colonial Trust Advisors increased its holdings in Leidos by 1,942.9% during the 2nd quarter. Colonial Trust Advisors now owns 286 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 272 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in Leidos in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 76.12% of the company’s stock.

Leidos Stock Down 3.7%

Shares of NYSE:LDOS opened at $167.46 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.58. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.23 and a beta of 0.63. The company has a 50 day moving average of $183.40 and a 200-day moving average of $186.24. Leidos Holdings, Inc. has a one year low of $128.32 and a one year high of $205.77.

Leidos (NYSE:LDOS) last announced its quarterly earnings data on Tuesday, February 17th. The aerospace company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.19. Leidos had a net margin of 8.43% and a return on equity of 32.95%. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the prior year, the business posted $2.37 earnings per share. Leidos’s revenue was down 3.6% compared to the same quarter last year. Leidos has set its FY 2026 guidance at 12.050-12.450 EPS. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, March 16th. Leidos’s dividend payout ratio (DPR) is currently 15.45%.

Insider Activity

In related news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $192.21, for a total transaction of $576,630.00. Following the completion of the sale, the insider directly owned 38,575 shares of the company’s stock, valued at $7,414,500.75. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LDOS has been the topic of a number of recent analyst reports. Stifel Nicolaus reduced their price objective on Leidos from $220.00 to $205.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Robert W. Baird lowered their target price on Leidos from $215.00 to $195.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Leidos in a report on Monday, December 29th. Citigroup increased their price objective on shares of Leidos from $218.00 to $232.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $215.00 price objective on shares of Leidos in a research report on Monday, February 23rd. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Leidos has a consensus rating of “Moderate Buy” and an average price target of $214.18.

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.