Hsbc Holdings PLC cut its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS – Free Report) by 73.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,760 shares of the company’s stock after selling 12,935 shares during the quarter. Hsbc Holdings PLC’s holdings in Leonardo DRS were worth $212,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Leonardo DRS during the fourth quarter valued at approximately $37,481,000. Stephens Investment Management Group LLC raised its stake in Leonardo DRS by 107.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock valued at $94,308,000 after purchasing an additional 1,098,108 shares during the period. Millennium Management LLC raised its stake in Leonardo DRS by 152.1% during the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after purchasing an additional 1,071,708 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Leonardo DRS by 528.6% in the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock valued at $56,000,000 after purchasing an additional 1,070,870 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Leonardo DRS by 566.2% in the third quarter. UBS Group AG now owns 711,588 shares of the company’s stock valued at $32,306,000 after purchasing an additional 604,783 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently weighed in on DRS. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. lifted their target price on Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday. Canaccord Genuity Group increased their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. Finally, Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Leonardo DRS has a consensus rating of “Moderate Buy” and a consensus price target of $53.60.
Leonardo DRS Trading Down 0.5%
Shares of NASDAQ DRS opened at $45.81 on Tuesday. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 3.08 and a beta of 0.36. The business has a 50 day simple moving average of $45.69 and a 200 day simple moving average of $43.97. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $913.00 million for the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. On average, research analysts predict that Leonardo DRS, Inc. will post 1.4 earnings per share for the current fiscal year.
Leonardo DRS Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s payout ratio is presently 30.25%.
Insiders Place Their Bets
In other Leonardo DRS news, EVP Jason Rinsky sold 3,865 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $45.37, for a total value of $175,355.05. Following the completion of the sale, the executive vice president owned 27,445 shares of the company’s stock, valued at $1,245,179.65. The trade was a 12.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $45.67, for a total value of $1,665,630.57. Following the sale, the chief executive officer owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 65,364 shares of company stock worth $2,994,785 in the last 90 days. 0.25% of the stock is owned by corporate insiders.
Leonardo DRS Profile
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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