21,057 Shares in Leonardo DRS, Inc. $DRS Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Leonardo DRS, Inc. (NASDAQ:DRSFree Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 21,057 shares of the company’s stock, valued at approximately $718,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its position in shares of Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after buying an additional 322 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Leonardo DRS by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after buying an additional 347 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Leonardo DRS by 3.3% in the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock worth $415,000 after buying an additional 389 shares in the last quarter. Penn Capital Management Company LLC boosted its position in shares of Leonardo DRS by 0.9% in the 3rd quarter. Penn Capital Management Company LLC now owns 45,880 shares of the company’s stock worth $2,115,000 after buying an additional 406 shares in the last quarter. Finally, Savant Capital LLC boosted its position in shares of Leonardo DRS by 7.4% in the 3rd quarter. Savant Capital LLC now owns 6,002 shares of the company’s stock worth $272,000 after buying an additional 416 shares in the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Reuben Jeffery III purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $42.77 per share, for a total transaction of $1,069,250.00. Following the acquisition, the director owned 25,000 shares in the company, valued at approximately $1,069,250. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Pamela Morrow sold 11,545 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total value of $521,025.85. Following the completion of the sale, the senior vice president owned 10,551 shares of the company’s stock, valued at approximately $476,166.63. This represents a 52.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 76,089 shares of company stock worth $3,491,236. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DRS. Bank of America upped their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group upped their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a report on Wednesday, February 25th. Finally, Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Get Our Latest Report on DRS

Leonardo DRS Trading Down 2.6%

NASDAQ DRS opened at $46.11 on Thursday. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $49.31. The company has a 50-day moving average of $44.44 and a 200-day moving average of $41.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. The company has a market cap of $12.30 billion, a P/E ratio of 43.09, a P/E/G ratio of 3.42 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRSGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities analysts predict 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. Investors of record on Tuesday, May 19th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis 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%.

Leonardo DRS Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Leonardo DRS (NASDAQ:DRS)

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