AlphaStar Capital Management LLC Makes New $299,000 Investment in Leidos Holdings, Inc. $LDOS

AlphaStar Capital Management LLC purchased a new position in Leidos Holdings, Inc. (NYSE:LDOS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 1,894 shares of the aerospace company’s stock, valued at approximately $299,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Creekmur Asset Management LLC raised its holdings in shares of Leidos by 158.7% in the second quarter. Creekmur Asset Management LLC now owns 29,020 shares of the aerospace company’s stock worth $4,578,000 after buying an additional 17,801 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Leidos by 109.0% in the second quarter. Simon Quick Advisors LLC now owns 3,465 shares of the aerospace company’s stock worth $547,000 after buying an additional 1,807 shares during the last quarter. Strs Ohio purchased a new position in shares of Leidos in the second quarter worth $2,117,000. Atria Investments Inc raised its holdings in shares of Leidos by 12.1% in the second quarter. Atria Investments Inc now owns 6,025 shares of the aerospace company’s stock worth $951,000 after buying an additional 649 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new position in shares of Leidos in the second quarter worth $1,021,000. Hedge funds and other institutional investors own 76.12% of the company’s stock.

Insider Buying and Selling at Leidos

In other Leidos news, insider Stephen Edward Hull sold 12,497 shares of Leidos stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $178.14, for a total value of $2,226,215.58. Following the completion of the transaction, the insider owned 25,817 shares of the company’s stock, valued at approximately $4,599,040.38. The trade was a 32.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction on Monday, August 11th. The shares were sold at an average price of $178.05, for a total transaction of $356,100.00. Following the completion of the transaction, the director directly owned 10,137 shares of the company’s stock, valued at $1,804,892.85. The trade was a 16.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,975 shares of company stock valued at $4,078,740. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

LDOS has been the subject of a number of research analyst reports. Zacks Research cut shares of Leidos from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Cantor Fitzgerald raised their target price on shares of Leidos from $185.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday. Weiss Ratings reissued a “buy (b-)” rating on shares of Leidos in a report on Wednesday, October 8th. UBS Group raised their target price on shares of Leidos from $168.00 to $184.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Citigroup reissued a “buy” rating and set a $190.00 target price (up previously from $186.00) on shares of Leidos in a report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $191.38.

Leidos Stock Down 0.2%

LDOS opened at $190.54 on Friday. Leidos Holdings, Inc. has a fifty-two week low of $123.62 and a fifty-two week high of $202.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.62. The company has a fifty day moving average of $186.51 and a two-hundred day moving average of $167.53. The stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.79 and a beta of 0.71.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.58. Leidos had a net margin of 8.22% and a return on equity of 33.57%. The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the previous year, the company earned $2.63 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. On average, research analysts expect that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

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.