AlphaCore Capital LLC Acquires New Position in Leidos Holdings, Inc. $LDOS

AlphaCore Capital LLC bought a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,144 shares of the aerospace company’s stock, valued at approximately $180,000.

Several other hedge funds have also recently added to or reduced their stakes in LDOS. Kendall Capital Management increased its holdings in Leidos by 93.7% in the second quarter. Kendall Capital Management now owns 4,270 shares of the aerospace company’s stock valued at $674,000 after buying an additional 2,065 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in Leidos by 145.6% during the 2nd quarter. Kathmere Capital Management LLC now owns 7,998 shares of the aerospace company’s stock worth $1,262,000 after buying an additional 4,742 shares during the last quarter. McAdam LLC acquired a new position in shares of Leidos during the 2nd quarter worth about $286,000. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of Leidos in the 2nd quarter valued at about $2,556,000. Finally, Amundi increased its holdings in shares of Leidos by 19.1% in the 1st quarter. Amundi now owns 88,927 shares of the aerospace company’s stock valued at $12,404,000 after acquiring an additional 14,246 shares during the last quarter. Institutional investors and hedge funds own 76.12% of the company’s stock.

Analyst Ratings Changes

LDOS has been the subject of several recent analyst reports. Bank of America boosted their target price on Leidos from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Jefferies Financial Group upgraded Leidos from a “hold” rating to a “buy” rating and boosted their price target for the company from $185.00 to $205.00 in a research report on Wednesday, August 6th. Argus raised their price objective on shares of Leidos from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Cantor Fitzgerald raised their target price on shares of Leidos from $185.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, UBS Group boosted their target price on shares of Leidos from $209.00 to $216.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Leidos has an average rating of “Moderate Buy” and a consensus target price of $199.23.

Leidos Trading Up 2.6%

NYSE LDOS opened at $191.58 on Wednesday. The company has a market cap of $24.50 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.37 and a beta of 0.69. Leidos Holdings, Inc. has a 12 month low of $123.62 and a 12 month high of $205.77. 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 company has a 50-day moving average of $190.33 and a 200-day moving average of $173.16.

Leidos (NYSE:LDOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $3.05 earnings per share (EPS) for the quarter, beating 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 during 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, equities analysts predict that Leidos Holdings, Inc. will post 10.62 earnings per share for the current year.

Leidos Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 0.9%. The ex-dividend date is Monday, December 15th. This is a positive change from Leidos’s previous quarterly dividend of $0.40. Leidos’s payout ratio is currently 14.93%.

Insider Buying and Selling at Leidos

In related news, insider Stephen Edward Hull sold 12,497 shares of Leidos stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $178.14, for a total value of $2,226,215.58. Following the transaction, the insider owned 25,817 shares in the company, valued at approximately $4,599,040.38. This trade represents a 32.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.

About Leidos

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.