Leonardo DRS, Inc. $DRS Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 982.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,419 shares of the company’s stock after acquiring an additional 171,920 shares during the period. SG Americas Securities LLC owned 0.07% of Leonardo DRS worth $6,457,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its position in Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after purchasing an additional 275 shares during the period. True Wealth Design LLC increased its position in Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after buying an additional 298 shares during the period. GAMMA Investing LLC increased its position in Leonardo DRS by 72.2% in the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 315 shares during the period. Arizona State Retirement System lifted its stake in Leonardo DRS by 1.4% in the third quarter. Arizona State Retirement System now owns 23,616 shares of the company’s stock valued at $1,072,000 after buying an additional 327 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Leonardo DRS by 17.0% in the second quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock valued at $111,000 after buying an additional 347 shares during the last quarter. 18.76% of the stock is owned by institutional investors.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, SVP Pamela Morrow sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total value of $542,400.00. Following the sale, the senior vice president directly owned 6,494 shares in the company, valued at approximately $293,528.80. The trade was a 64.89% 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, CFO Michael Dippold sold 16,330 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $45.27, for a total transaction of $739,259.10. Following the completion of the sale, the chief financial officer directly owned 26,622 shares of the company’s stock, valued at $1,205,177.94. The trade was a 38.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,218 shares of company stock valued at $1,719,136. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DRS shares. Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a research report on Wednesday, February 25th. Truist Financial set a $59.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Bank of America boosted their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Finally, Wall Street Zen cut Leonardo DRS from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Leonardo DRS Trading Up 2.9%

Shares of NASDAQ:DRS opened at $44.52 on Wednesday. The company has a 50 day moving average of $42.65 and a 200-day moving average of $39.63. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. The firm has a market cap of $11.84 billion, a P/E ratio of 43.22, a P/E/G ratio of 3.19 and a beta of 0.41. Leonardo DRS, Inc. has a twelve month low of $28.17 and a twelve month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Sunday, February 15th. The company reported $0.42 EPS for the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion for the quarter. As a group, analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Leonardo DRS’s payout ratio is currently 34.95%.

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.