US Bancorp DE Sells 1,181 Shares of Leonardo DRS, Inc. $DRS

US Bancorp DE trimmed its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,042 shares of the company’s stock after selling 1,181 shares during the period. US Bancorp DE’s holdings in Leonardo DRS were worth $885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DRS. Nuveen LLC purchased a new position in Leonardo DRS during the 1st quarter worth $31,254,000. T. Rowe Price Investment Management Inc. grew its stake in Leonardo DRS by 16.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,848,473 shares of the company’s stock worth $192,298,000 after buying an additional 804,938 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Leonardo DRS by 116.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 799,661 shares of the company’s stock valued at $26,292,000 after purchasing an additional 429,922 shares during the last quarter. Voya Investment Management LLC grew its stake in Leonardo DRS by 23.5% during the 1st quarter. Voya Investment Management LLC now owns 840,588 shares of the company’s stock valued at $27,639,000 after purchasing an additional 160,170 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in shares of Leonardo DRS by 54.9% in the 1st quarter. Algert Global LLC now owns 391,723 shares of the company’s stock valued at $12,880,000 after buying an additional 138,758 shares during the period. 18.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Leonardo DRS in a report on Wednesday, October 8th. Canaccord Genuity Group initiated coverage on Leonardo DRS in a report on Monday, August 11th. They set a “buy” rating and a $50.00 target price for the company. The Goldman Sachs Group initiated coverage on Leonardo DRS in a research report on Monday, June 30th. They issued a “buy” rating and a $49.00 price target for the company. Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Morgan Stanley raised their price target on Leonardo DRS from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Leonardo DRS currently has an average rating of “Moderate Buy” and an average target price of $46.75.

Leonardo DRS Stock Performance

NASDAQ:DRS opened at $39.34 on Friday. The business’s fifty day moving average price is $42.31 and its 200 day moving average price is $42.03. The firm has a market capitalization of $10.47 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.56. Leonardo DRS, Inc. has a 12 month low of $27.87 and a 12 month high of $49.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The company had revenue of $829.00 million for the quarter, compared to analyst estimates of $824.50 million. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Leonardo DRS’s dividend payout ratio (DPR) is currently 38.71%.

Insider Buying and Selling

In other Leonardo DRS news, COO John Baylouny sold 11,420 shares of Leonardo DRS stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $41.78, for a total value of $477,127.60. Following the sale, the chief operating officer owned 114,488 shares of the company’s stock, valued at approximately $4,783,308.64. The trade was a 9.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Dippold sold 19,360 shares of Leonardo DRS stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $41.65, for a total value of $806,344.00. Following the completion of the sale, the chief financial officer directly owned 58,834 shares in the company, valued at $2,450,436.10. This represents a 24.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,039 shares of company stock valued at $2,303,587 over the last quarter. 0.34% of the stock is currently owned by insiders.

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.