Texas Permanent School Fund Corp Has $1.73 Million Stake in Leidos Holdings, Inc. $LDOS

Texas Permanent School Fund Corp reduced its stake in Leidos Holdings, Inc. (NYSE:LDOS) by 69.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,954 shares of the aerospace company’s stock after selling 24,380 shares during the period. Texas Permanent School Fund Corp’s holdings in Leidos were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LDOS. JPMorgan Chase & Co. lifted its stake in Leidos by 3.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,528,630 shares of the aerospace company’s stock valued at $556,677,000 after purchasing an additional 111,813 shares during the last quarter. Boston Partners increased its holdings in shares of Leidos by 3.7% during the second quarter. Boston Partners now owns 2,909,142 shares of the aerospace company’s stock worth $460,203,000 after buying an additional 103,321 shares in the last quarter. Norges Bank bought a new position in shares of Leidos in the 2nd quarter valued at $261,501,000. Alliancebernstein L.P. lifted its stake in shares of Leidos by 64.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,529,261 shares of the aerospace company’s stock valued at $241,256,000 after acquiring an additional 598,974 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Leidos by 21.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,433,712 shares of the aerospace company’s stock valued at $223,731,000 after acquiring an additional 250,555 shares in the last quarter. 76.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LDOS shares. Wall Street Zen cut Leidos from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Truist Financial reaffirmed a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Leidos in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leidos in a research report on Monday, December 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $230.00 target price on shares of Leidos in a report on Wednesday, November 5th. Finally, UBS Group upped their price target on shares of Leidos from $209.00 to $216.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.42.

Leidos Stock Performance

Shares of LDOS stock opened at $186.00 on Tuesday. The stock has a market capitalization of $23.78 billion, a PE ratio of 17.35, a PEG ratio of 1.36 and a beta of 0.58. The business’s 50 day simple moving average is $189.35 and its 200 day simple moving average is $177.79. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.62 and a quick ratio of 1.50. Leidos Holdings, Inc. has a one year low of $123.62 and a one year high of $205.77.

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

Leidos Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, December 15th. This is an increase from Leidos’s previous quarterly dividend of $0.40. Leidos’s dividend payout ratio (DPR) is 16.04%.

Insider Buying and Selling at Leidos

In other news, insider Elizabeth A. Porter sold 3,000 shares of Leidos stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $181.04, for a total value of $543,120.00. Following the completion of the transaction, the insider directly owned 41,575 shares of the company’s stock, valued at approximately $7,526,738. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.69% of the company’s stock.

Leidos Company 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.