Leonardo DRS, Inc. $DRS Shares Acquired by Munro Partners

Munro Partners grew its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 92.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 328,095 shares of the company’s stock after purchasing an additional 157,750 shares during the period. Munro Partners’ holdings in Leonardo DRS were worth $11,185,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Quarry LP boosted its stake in shares of Leonardo DRS by 7,041.7% in the fourth quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after buying an additional 845 shares during the last quarter. Clearstead Advisors LLC boosted its stake in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after buying an additional 581 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Leonardo DRS in the fourth quarter worth about $34,000. Allworth Financial LP boosted its position in Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after purchasing an additional 736 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Leonardo DRS during the fourth quarter worth approximately $46,000. 18.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Leonardo DRS

In other Leonardo DRS news, EVP Jason Rinsky sold 3,865 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.87, for a total transaction of $181,152.55. Following the completion of the sale, the executive vice president owned 31,310 shares of the company’s stock, valued at $1,467,499.70. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 8,318 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $46.48, for a total value of $386,620.64. Following the sale, the chief financial officer directly owned 55,460 shares of the company’s stock, valued at approximately $2,577,780.80. This trade represents a 13.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 61,059 shares of company stock valued at $2,816,977 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DRS shares. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings upgraded Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Canaccord Genuity Group raised their target price on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $52.80.

Leonardo DRS Price Performance

DRS stock opened at $46.68 on Tuesday. The business has a fifty day moving average of $44.60 and a two-hundred day moving average of $41.47. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 3.50 and a beta of 0.34. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $50.59.

Leonardo DRS (NASDAQ:DRS) last posted 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 company had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, research analysts anticipate that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 annualized dividend and a yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is 33.64%.

Leonardo DRS Profile

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.