Wealth Enhancement Advisory Services LLC Makes New Investment in Leonardo DRS, Inc. $DRS

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,905 shares of the company’s stock, valued at approximately $320,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in shares of Leonardo DRS by 92.3% during the first quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company’s stock worth $42,000 after purchasing an additional 611 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Leonardo DRS during the first quarter worth about $50,000. Twin Tree Management LP acquired a new position in shares of Leonardo DRS during the first quarter worth about $58,000. CWM LLC lifted its stake in shares of Leonardo DRS by 147.1% during the first quarter. CWM LLC now owns 5,518 shares of the company’s stock worth $181,000 after purchasing an additional 3,285 shares in the last quarter. Finally, Csenge Advisory Group acquired a new position in shares of Leonardo DRS during the first quarter worth about $222,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen cut Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Canaccord Genuity Group started coverage on Leonardo DRS in a research note on Monday, August 11th. They issued a “buy” rating and a $50.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Leonardo DRS in a research note on Wednesday. Truist Financial boosted their price target on Leonardo DRS from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group started coverage on Leonardo DRS in a research note on Monday, June 30th. They issued a “buy” rating and a $49.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Leonardo DRS presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Leonardo DRS Stock Up 1.6%

Shares of Leonardo DRS stock opened at $45.43 on Thursday. Leonardo DRS, Inc. has a twelve month low of $27.77 and a twelve month high of $49.31. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 48.85, a PEG ratio of 2.33 and a beta of 0.56. The business’s 50 day simple moving average is $42.25 and its 200-day simple moving average is $41.56.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The firm had revenue of $829.00 million for the quarter, compared to analysts’ expectations of $824.50 million. During the same period last year, the firm earned $0.18 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Equities research analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS’s dividend payout ratio (DPR) is currently 38.71%.

Insider Activity at Leonardo DRS

In other news, CFO Michael Dippold sold 19,360 shares of Leonardo DRS stock in a transaction on Friday, September 12th. The stock was sold at an average price of $41.65, for a total transaction of $806,344.00. Following the transaction, the chief financial officer directly owned 58,834 shares in the company, valued at approximately $2,450,436.10. This trade represents a 24.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Baylouny sold 11,420 shares of Leonardo DRS stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the transaction, the chief operating officer owned 114,488 shares in the company, valued at approximately $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,558 shares of company stock worth $1,933,052 in the last three months. 0.34% of the stock is owned by company insiders.

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.