Leonardo DRS, Inc. (NASDAQ:DRS) Holdings Trimmed by Brown Advisory Inc.

Brown Advisory Inc. lowered its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 72.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,651 shares of the company’s stock after selling 23,091 shares during the quarter. Brown Advisory Inc.’s holdings in Leonardo DRS were worth $284,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of Leonardo DRS by 233.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company’s stock worth $32,000 after buying an additional 700 shares during the period. JTC Employer Solutions Trustee Ltd purchased a new position in Leonardo DRS during the 1st quarter worth approximately $46,000. Virtus Fund Advisers LLC purchased a new position in Leonardo DRS during the 4th quarter worth approximately $116,000. Sequoia Financial Advisors LLC purchased a new position in Leonardo DRS during the 4th quarter worth approximately $219,000. Finally, Mariner LLC purchased a new position in Leonardo DRS during the 4th quarter worth approximately $222,000. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Up 0.9%

DRS opened at $48.01 on Thursday. Leonardo DRS, Inc. has a fifty-two week low of $22.73 and a fifty-two week high of $48.95. The business has a 50-day moving average of $44.02 and a 200-day moving average of $37.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.02 and a quick ratio of 1.64. The company has a market capitalization of $12.77 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 2.76 and a beta of 0.63.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Leonardo DRS had a return on equity of 10.63% and a net margin of 7.00%. The company had revenue of $799.00 million during the quarter, compared to the consensus estimate of $736.72 million. During the same period last year, the business earned $0.14 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. Equities research analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 22nd. Leonardo DRS’s dividend payout ratio (DPR) is presently 41.38%.

Insider Buying and Selling at Leonardo DRS

In related news, Director David W. Carey sold 6,438 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $45.94, for a total value of $295,761.72. Following the transaction, the director directly owned 23,882 shares of the company’s stock, valued at approximately $1,097,139.08. This trade represents a 21.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DRS has been the subject of a number of research reports. Truist Financial raised their price objective on Leonardo DRS from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on Leonardo DRS from $33.00 to $48.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. BTIG Research set a $49.00 price objective on Leonardo DRS and gave the stock a “buy” rating in a research report on Monday, May 5th. Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group initiated coverage on Leonardo DRS in a research report on Monday, June 30th. They set a “buy” rating and a $49.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $45.86.

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.