Caitong International Asset Management Co. Ltd Purchases New Holdings in Leonardo DRS, Inc. $DRS

Caitong International Asset Management Co. Ltd acquired a new stake in Leonardo DRS, Inc. (NASDAQ:DRS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 553 shares of the company’s stock, valued at approximately $26,000.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Leonardo DRS by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company’s stock valued at $261,656,000 after buying an additional 22,990 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Leonardo DRS by 16.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,848,473 shares of the company’s stock valued at $192,298,000 after buying an additional 804,938 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Leonardo DRS by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,096,885 shares of the company’s stock valued at $36,066,000 after buying an additional 8,516 shares during the period. Nuveen LLC purchased a new stake in Leonardo DRS in the 1st quarter valued at about $31,254,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in Leonardo DRS by 1.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 894,122 shares of the company’s stock valued at $29,399,000 after buying an additional 13,911 shares during the period. 18.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on DRS. 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 report on Thursday, July 31st. The Goldman Sachs Group initiated coverage on shares of Leonardo DRS in a report on Monday, June 30th. They issued a “buy” rating and a $49.00 price target for the company. Truist Financial boosted their price target on shares of Leonardo DRS from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 11th. Zacks Research upgraded shares of Leonardo DRS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Leonardo DRS in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Leonardo DRS Trading Down 0.0%

NASDAQ DRS opened at $40.51 on Monday. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The firm has a market cap of $10.78 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.56. The company has a 50 day moving average price of $42.16 and a 200 day moving average price of $42.40. Leonardo DRS, Inc. has a 52 week low of $27.87 and a 52 week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $829.00 million during the quarter, compared to analyst estimates of $824.50 million. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. Leonardo DRS’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. As a group, sell-side analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were 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 was Wednesday, August 20th. Leonardo DRS’s payout ratio is currently 38.71%.

Insiders Place Their Bets

In other Leonardo DRS news, COO John Baylouny sold 8,481 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total transaction of $370,534.89. Following the sale, the chief operating officer owned 106,007 shares of the company’s stock, valued at approximately $4,631,445.83. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Dippold sold 19,360 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $41.65, for a total transaction of $806,344.00. Following the sale, the chief financial officer directly owned 58,834 shares in the company, valued at approximately $2,450,436.10. This represents a 24.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, 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 Profile

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.