Leonardo DRS, Inc. $DRS Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,479 shares of the company’s stock after acquiring an additional 5,561 shares during the quarter. Rhumbline Advisers’ holdings in Leonardo DRS were worth $3,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Yorktown Management & Research Co Inc acquired a new stake in shares of Leonardo DRS during the first quarter worth $260,000. Vanguard Group Inc. boosted its position in shares of Leonardo DRS by 0.3% during the first quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company’s stock worth $261,656,000 after buying an additional 22,990 shares during the period. Ameriprise Financial Inc. acquired a new stake in Leonardo DRS in the fourth quarter worth approximately $344,000. Versor Investments LP lifted its position in Leonardo DRS by 24.2% in the first quarter. Versor Investments LP now owns 51,657 shares of the company’s stock worth $1,698,000 after purchasing an additional 10,057 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Leonardo DRS by 172.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 17,971 shares of the company’s stock valued at $591,000 after buying an additional 11,381 shares in the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Leonardo DRS

In other news, Director Eric Salzman sold 4,403 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total transaction of $181,271.51. Following the transaction, the director directly owned 11,820 shares in the company, valued at $486,629.40. The trade was a 27.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Dippold sold 19,360 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the completion of the transaction, the chief financial officer directly owned 58,834 shares in the company, valued at approximately $2,450,436.10. This represents a 24.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,138 shares of company stock worth $1,455,924 in the last ninety days. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DRS shares. The Goldman Sachs Group started coverage on shares of Leonardo DRS in a research note on Monday, June 30th. They set a “buy” rating and a $49.00 target price on the stock. Truist Financial upped their price target on shares of Leonardo DRS from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 11th. Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Morgan Stanley increased their target price on shares of Leonardo DRS from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, Canaccord Genuity Group initiated coverage on shares of Leonardo DRS in a research note on Monday, August 11th. They issued a “buy” rating and a $50.00 target price for the company. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Leonardo DRS Trading Down 0.1%

DRS opened at $42.01 on Tuesday. The stock has a market capitalization of $11.18 billion, a P/E ratio of 45.17, a P/E/G ratio of 2.19 and a beta of 0.63. Leonardo DRS, Inc. has a 12 month low of $26.75 and a 12 month high of $49.31. The firm’s fifty day simple moving average is $43.50 and its 200 day simple moving average is $40.30. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. As a group, research analysts anticipate that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Leonardo DRS’s payout ratio is currently 38.71%.

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.