ING Groep NV purchased a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,500 shares of the company’s stock, valued at approximately $1,381,000.
A number of other large investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC lifted its stake in Leonardo DRS by 76.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 601,245 shares of the company’s stock worth $21,675,000 after purchasing an additional 260,719 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Leonardo DRS in the fourth quarter valued at $718,000. Cibc World Market Inc. grew its stake in Leonardo DRS by 6.3% during the 4th quarter. Cibc World Market Inc. now owns 7,128 shares of the company’s stock worth $243,000 after purchasing an additional 425 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Leonardo DRS by 115.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 526,073 shares of the company’s stock worth $17,934,000 after purchasing an additional 282,429 shares in the last quarter. Finally, AXQ Capital LP grew its stake in Leonardo DRS by 301.6% during the 4th quarter. AXQ Capital LP now owns 44,872 shares of the company’s stock worth $1,530,000 after purchasing an additional 33,699 shares in the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently commented on DRS. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research note on Wednesday, February 25th. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Bank of America boosted their target price on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Canaccord Genuity Group boosted their target price on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.
Insider Transactions at Leonardo DRS
In other Leonardo DRS news, CFO Michael Dippold sold 16,330 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $45.27, for a total transaction of $739,259.10. Following the transaction, the chief financial officer owned 26,622 shares of the company’s stock, valued at approximately $1,205,177.94. This trade represents a 38.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Pamela Morrow sold 11,545 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total value of $521,025.85. Following the transaction, the senior vice president directly owned 10,551 shares in the company, valued at approximately $476,166.63. The trade was a 52.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 76,089 shares of company stock valued at $3,491,236 over the last ninety days. Company insiders own 0.25% of the company’s stock.
Leonardo DRS Stock Performance
NASDAQ:DRS opened at $47.35 on Wednesday. The firm has a market capitalization of $12.63 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 3.36 and a beta of 0.34. The business’s fifty day moving average price is $44.38 and its 200 day moving average price is $41.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $49.31.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $846.00 million for 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 quarter in the prior year, the company posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, sell-side analysts anticipate that Leonardo DRS, Inc. will post 1.3 earnings per share for the current fiscal year.
Leonardo DRS Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is 33.64%.
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.
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