Swedbank AB Has $3.28 Million Stake in Leonardo DRS, Inc. $DRS

Swedbank AB grew its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 1,026.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,205 shares of the company’s stock after acquiring an additional 87,661 shares during the quarter. Swedbank AB’s holdings in Leonardo DRS were worth $3,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Leonardo DRS by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock worth $263,091,000 after acquiring an additional 34,858 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after acquiring an additional 1,972,596 shares during the last quarter. State Street Corp lifted its stake in shares of Leonardo DRS by 8.3% in the 2nd quarter. State Street Corp now owns 3,311,605 shares of the company’s stock valued at $153,923,000 after acquiring an additional 254,975 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Leonardo DRS by 9.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,820,059 shares of the company’s stock valued at $82,631,000 after acquiring an additional 154,792 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after acquiring an additional 1,071,708 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michael Dippold sold 16,330 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $45.27, for a total transaction of $739,259.10. Following the completion of the transaction, the chief financial officer directly owned 26,622 shares of the company’s stock, valued at $1,205,177.94. This trade represents a 38.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sally Wallace sold 28,960 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $46.35, for a total value of $1,342,296.00. Following the transaction, the executive vice president directly owned 58,353 shares of the company’s stock, valued at approximately $2,704,661.55. This represents a 33.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 64,361 shares of company stock valued at $2,944,837 in the last three months. Insiders own 0.25% of the company’s stock.

Leonardo DRS Stock Down 0.2%

Shares of NASDAQ:DRS opened at $41.36 on Friday. The firm has a market cap of $11.03 billion, a P/E ratio of 38.65, a P/E/G ratio of 3.01 and a beta of 0.29. The company has a quick ratio of 1.60, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 12-month low of $32.43 and a 12-month high of $49.31. The business has a fifty day simple moving average of $44.58 and a 200 day simple moving average of $39.79.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.Leonardo DRS’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts predict that Leonardo DRS, Inc. will post 1.29 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is currently 33.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday. Bank of America increased their price target on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Canaccord Genuity Group increased their price target on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings cut Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and an average target price of $52.00.

About Leonardo DRS

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.