BNC Wealth Management LLC Invests $3.07 Million in Leidos Holdings, Inc. (NYSE:LDOS)

BNC Wealth Management LLC purchased a new position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,835 shares of the aerospace company's stock, valued at approximately $3,070,000. Leidos makes up approximately 1.1% of BNC Wealth Management LLC's investment portfolio, making the stock its 28th largest position.

Several other large investors have also recently added to or reduced their stakes in the company. Boston Partners increased its holdings in Leidos by 5.8% in the first quarter. Boston Partners now owns 3,430,264 shares of the aerospace company's stock valued at $449,592,000 after buying an additional 188,458 shares in the last quarter. Millennium Management LLC grew its position in shares of Leidos by 156.5% in the second quarter. Millennium Management LLC now owns 1,133,508 shares of the aerospace company's stock valued at $165,356,000 after purchasing an additional 691,575 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Leidos by 51.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 837,370 shares of the aerospace company's stock valued at $136,491,000 after purchasing an additional 283,558 shares during the last quarter. Panagora Asset Management Inc. grew its position in shares of Leidos by 39.7% in the second quarter. Panagora Asset Management Inc. now owns 782,161 shares of the aerospace company's stock valued at $114,102,000 after purchasing an additional 222,179 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Leidos by 76.9% in the second quarter. AQR Capital Management LLC now owns 698,807 shares of the aerospace company's stock valued at $101,942,000 after purchasing an additional 303,775 shares during the last quarter. 76.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $184.94, for a total transaction of $193,632.18. Following the sale, the director now owns 6,408 shares in the company, valued at $1,185,095.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Robert C. Kovarik, Jr. sold 1,047 shares of Leidos stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $184.94, for a total transaction of $193,632.18. Following the sale, the director now directly owns 6,408 shares of the company's stock, valued at approximately $1,185,095.52. The trade was a 0.00 % 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 this hyperlink. Also, Director Gary Stephen May sold 1,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $144.02, for a total value of $144,020.00. Following the completion of the transaction, the director now directly owns 11,264 shares of the company's stock, valued at $1,622,241.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Leidos Trading Down 0.4 %

NYSE:LDOS traded down $0.72 during trading hours on Thursday, reaching $193.48. 376,165 shares of the company were exchanged, compared to its average volume of 858,616. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.23 and a quick ratio of 1.15. The firm has a market cap of $25.82 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.48 and a beta of 0.68. Leidos Holdings, Inc. has a 52-week low of $102.21 and a 52-week high of $198.99. The stock has a 50 day simple moving average of $165.11 and a 200 day simple moving average of $152.75.

Leidos (NYSE:LDOS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The aerospace company reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.97. Leidos had a net margin of 7.37% and a return on equity of 30.31%. The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the firm posted $2.03 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts predict that Leidos Holdings, Inc. will post 10.07 EPS for the current year.

Leidos Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This is an increase from Leidos's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Friday, December 13th. Leidos's dividend payout ratio (DPR) is presently 17.31%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LDOS shares. Barclays increased their price target on shares of Leidos from $165.00 to $210.00 and gave the company an "overweight" rating in a research report on Monday. The Goldman Sachs Group increased their price target on shares of Leidos from $205.00 to $228.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price target on shares of Leidos from $145.00 to $180.00 and gave the company a "sector perform" rating in a research report on Wednesday, October 30th. TD Cowen raised their target price on shares of Leidos from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Leidos from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Leidos presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.23.

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.