Creative Planning Has $1.09 Million Position in Leonardo DRS, Inc. $DRS

Creative Planning raised its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 93.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,385 shares of the company’s stock after buying an additional 11,268 shares during the quarter. Creative Planning’s holdings in Leonardo DRS were worth $1,087,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Leonardo DRS in the second quarter valued at about $26,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Leonardo DRS in the 1st quarter worth about $50,000. Twin Tree Management LP bought a new stake in Leonardo DRS in the 1st quarter valued at about $58,000. Penserra Capital Management LLC acquired a new position in shares of Leonardo DRS during the 2nd quarter worth approximately $69,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Leonardo DRS during the second quarter worth approximately $70,000. Institutional investors own 18.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Leonardo DRS in a research note on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a report on Thursday, October 30th. Truist Financial reduced their target price on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research cut Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Leonardo DRS currently has an average rating of “Moderate Buy” and an average price target of $47.14.

Leonardo DRS Trading Up 0.4%

Shares of DRS stock opened at $33.83 on Friday. Leonardo DRS, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $49.31. The stock’s fifty day moving average price is $39.05 and its two-hundred day moving average price is $41.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.11. The company has a market cap of $9.00 billion, a PE ratio of 34.52, a P/E/G ratio of 2.02 and a beta of 0.56.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Leonardo DRS had a return on equity of 11.45% and a net margin of 7.43%.The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $924.79 million. During the same quarter in the previous year, the firm earned $0.24 EPS. Leonardo DRS’s revenue was up 18.2% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Equities analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. Leonardo DRS’s dividend payout ratio is 36.73%.

Insider Buying and Selling

In related news, CFO Michael Dippold sold 19,360 shares of the company’s stock in a transaction that occurred on 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 $2,450,436.10. This represents a 24.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Baylouny sold 8,481 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total transaction of $370,534.89. Following the completion of the transaction, the chief operating officer directly owned 106,007 shares of the company’s stock, valued at approximately $4,631,445.83. The trade was a 7.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 39,261 shares of company stock worth $1,654,006. 0.34% of the stock is currently owned by corporate 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.