BNC Wealth Management LLC bought a new stake in Leidos Holdings, Inc. (NYSE:LDOS – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,835 shares of the aerospace company’s stock, valued at approximately $3,070,000. Leidos comprises approximately 1.1% of BNC Wealth Management LLC’s holdings, making the stock its 28th biggest holding.
Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Leidos by 51.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company’s stock valued at $136,491,000 after acquiring an additional 283,558 shares during the last quarter. Twin Tree Management LP purchased a new position in Leidos in the first quarter valued at approximately $2,512,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Leidos by 188.2% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,274 shares of the aerospace company’s stock worth $1,207,000 after purchasing an additional 5,403 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Leidos by 97.2% during the 1st quarter. Advisors Asset Management Inc. now owns 12,904 shares of the aerospace company’s stock worth $1,692,000 after buying an additional 6,360 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Leidos by 76.9% in the 2nd quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company’s stock valued at $101,942,000 after buying an additional 303,775 shares in the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.
Leidos Stock Performance
Shares of LDOS stock opened at $194.20 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.87. Leidos Holdings, Inc. has a 12-month low of $102.21 and a 12-month high of $198.99. The company has a market cap of $25.91 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.48 and a beta of 0.68. The stock has a 50 day simple moving average of $165.11 and a 200-day simple moving average of $152.75.
Leidos Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This is a positive change from Leidos’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, December 13th. Leidos’s dividend payout ratio is presently 17.31%.
Insider Buying and Selling at Leidos
In other news, Director Gary Stephen May sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $144.02, for a total transaction of $144,020.00. Following the sale, the director now owns 11,264 shares of the company’s stock, valued at $1,622,241.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the completion of the transaction, the director now directly owns 6,408 shares in the company, valued at $1,185,095.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the sale, the director now owns 11,264 shares in the company, valued at approximately $1,622,241.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of Leidos from $180.00 to $218.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on Leidos from $165.00 to $210.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen upped their target price on Leidos from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial raised their price target on Leidos from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Citigroup boosted their price objective on Leidos from $194.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Leidos has a consensus rating of “Moderate Buy” and a consensus target price of $191.23.
Check Out Our Latest Analysis on LDOS
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.
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