Huntleigh Advisors Inc. Has $3.65 Million Holdings in Leonardo DRS, Inc. $DRS

Huntleigh Advisors Inc. increased its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,498 shares of the company’s stock after buying an additional 3,790 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Leonardo DRS were worth $3,649,000 as of its most recent SEC filing.

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

Insider Activity at Leonardo DRS

In related news, COO John Baylouny sold 8,481 shares of the firm’s stock in a transaction dated 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 approximately $4,631,445.83. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric Salzman sold 4,403 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total transaction of $181,271.51. Following the completion of the sale, the director owned 11,820 shares of the company’s stock, valued at $486,629.40. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,039 shares of company stock worth $2,303,587. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DRS. Morgan Stanley increased their target price on Leonardo DRS from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Wall Street Zen cut Leonardo DRS from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Truist Financial increased their target price on Leonardo DRS from $45.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Zacks Research upgraded Leonardo DRS from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Canaccord Genuity Group began coverage on Leonardo DRS in a report on Monday, August 11th. They set a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $46.75.

Leonardo DRS Price Performance

Shares of NASDAQ DRS opened at $39.34 on Friday. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 2.07 and a beta of 0.56. The business has a 50-day moving average of $42.31 and a 200-day moving average of $41.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70. Leonardo DRS, Inc. has a fifty-two week low of $27.87 and a fifty-two week high of $49.31.

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

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS’s dividend payout ratio (DPR) is 38.71%.

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.