Charles Schwab Investment Management Inc. Has $36.07 Million Holdings in Leonardo DRS, Inc. $DRS

Charles Schwab Investment Management Inc. boosted its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,096,885 shares of the company’s stock after purchasing an additional 8,516 shares during the period. Charles Schwab Investment Management Inc. owned about 0.41% of Leonardo DRS worth $36,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DRS. Nisa Investment Advisors LLC boosted its position in Leonardo DRS by 92.3% during the first quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company’s stock valued at $42,000 after acquiring an additional 611 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in Leonardo DRS during the 1st quarter valued at about $46,000. Virtus Fund Advisers LLC acquired a new position in Leonardo DRS during the 4th quarter valued at about $116,000. CWM LLC boosted its stake in Leonardo DRS by 147.1% during the 1st quarter. CWM LLC now owns 5,518 shares of the company’s stock valued at $181,000 after purchasing an additional 3,285 shares during the last quarter. Finally, Csenge Advisory Group acquired a new position in Leonardo DRS during the 1st quarter valued at about $222,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Price Performance

Shares of DRS opened at $42.73 on Tuesday. The stock has a market cap of $11.37 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.11. Leonardo DRS, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $49.31. The firm’s 50-day simple moving average is $44.91 and its two-hundred day simple moving average is $38.95.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The firm had revenue of $829.00 million for the quarter, compared to analysts’ expectations of $824.50 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS’s dividend payout ratio is 38.71%.

Insiders Place Their Bets

In related news, Director David W. Carey sold 6,438 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $45.94, for a total transaction of $295,761.72. Following the transaction, the director owned 23,882 shares in the company, valued at $1,097,139.08. This represents a 21.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of research reports. The Goldman Sachs Group started coverage on shares of Leonardo DRS in a report on Monday, June 30th. They issued a “buy” rating and a $49.00 price target on the stock. Morgan Stanley boosted their price target on shares of Leonardo DRS from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Truist Financial upped their target price on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, BTIG Research set a $49.00 target price on shares of Leonardo DRS and gave the stock a “buy” rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus price target of $46.75.

Leonardo DRS Company 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.