Leonardo DRS, Inc. $DRS Shares Acquired by Strs Ohio

Strs Ohio raised its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 54.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,637 shares of the company’s stock after purchasing an additional 14,637 shares during the quarter. Strs Ohio’s holdings in Leonardo DRS were worth $1,935,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Hsbc Holdings PLC increased its stake in Leonardo DRS by 4.0% in the first quarter. Hsbc Holdings PLC now owns 9,191 shares of the company’s stock valued at $298,000 after purchasing an additional 357 shares during the period. Total Clarity Wealth Management Inc. increased its position in Leonardo DRS by 7.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 7,169 shares of the company’s stock valued at $333,000 after acquiring an additional 514 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Leonardo DRS in the 2nd quarter valued at about $26,000. Nisa Investment Advisors LLC increased its position in Leonardo DRS by 92.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares during the period. Finally, Oliver Luxxe Assets LLC increased its holdings in shares of Leonardo DRS by 0.7% in the second quarter. Oliver Luxxe Assets LLC now owns 91,527 shares of the company’s stock valued at $4,254,000 after purchasing an additional 624 shares during the period. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Leonardo DRS in a report on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of Leonardo DRS from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Zacks Research cut shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Truist Financial dropped their price target on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, CFO Michael Dippold sold 19,360 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $41.65, for a total value of $806,344.00. Following the sale, the chief financial officer owned 58,834 shares of the company’s stock, valued at approximately $2,450,436.10. This represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Baylouny sold 8,481 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total value of $370,534.89. Following the completion of the sale, the chief operating officer directly owned 106,007 shares in the company, valued at $4,631,445.83. This trade represents a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 55,039 shares of company stock valued at $2,303,587. Insiders own 0.34% of the company’s stock.

Leonardo DRS Trading Down 1.3%

Shares of DRS opened at $36.15 on Wednesday. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $41.66 and its two-hundred day moving average is $42.56. Leonardo DRS, Inc. has a twelve month low of $28.17 and a twelve month high of $49.31. The firm has a market capitalization of $9.62 billion, a P/E ratio of 36.89, a PEG ratio of 2.02 and a beta of 0.56.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.45%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. On average, research analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.36 annualized dividend and a yield of 1.0%. Leonardo DRS’s dividend payout ratio is 36.73%.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.