CoreCap Advisors LLC Purchases Shares of 13,046 Leonardo DRS, Inc. $DRS

CoreCap Advisors LLC acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,046 shares of the company’s stock, valued at approximately $592,000.

Several other hedge funds also recently modified their holdings of DRS. True Wealth Design LLC boosted its stake in Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after purchasing an additional 298 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Leonardo DRS in the second quarter valued at about $26,000. Steward Partners Investment Advisory LLC boosted its holdings in Leonardo DRS by 91.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after purchasing an additional 275 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Leonardo DRS by 72.2% in the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 315 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Leonardo DRS during the second quarter worth approximately $70,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Price Performance

Shares of NASDAQ DRS opened at $40.99 on Friday. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $34.64 and a two-hundred day simple moving average of $40.18. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 2.04 and a beta of 0.44.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $924.79 million. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, November 18th. Leonardo DRS’s dividend payout ratio is presently 36.73%.

Insider Activity

In other Leonardo DRS news, EVP Sally Wallace sold 1,300 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $35.17, for a total value of $45,721.00. Following the completion of the transaction, the executive vice president directly owned 58,353 shares of the company’s stock, valued at $2,052,275.01. This trade represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Baylouny sold 8,481 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was 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 owned 106,007 shares in the company, valued at approximately $4,631,445.83. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 20,369 shares of company stock worth $808,012. 0.34% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on DRS. Zacks Research lowered Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Morgan Stanley set a $40.00 price target on shares of Leonardo DRS in a research note on Tuesday, December 16th. Finally, Truist Financial set a $54.00 price target on Leonardo DRS in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Leonardo DRS Company Profile

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.