Elo Mutual Pension Insurance Co Purchases Shares of 13,967 Leonardo DRS, Inc. $DRS

Elo Mutual Pension Insurance Co purchased a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,967 shares of the company’s stock, valued at approximately $634,000.

A number of other large investors also recently modified their holdings of DRS. Norges Bank bought a new position in shares of Leonardo DRS in the 2nd quarter valued at about $44,336,000. Invesco Ltd. raised its holdings in Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after acquiring an additional 870,772 shares in the last quarter. Bank of America Corp DE raised its holdings in Leonardo DRS by 64.6% during the second quarter. Bank of America Corp DE now owns 1,251,415 shares of the company’s stock worth $58,166,000 after acquiring an additional 491,158 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Leonardo DRS during the second quarter valued at approximately $16,212,000. Finally, Loomis Sayles & Co. L P boosted its position in Leonardo DRS by 31,067.4% during the second quarter. Loomis Sayles & Co. L P now owns 335,050 shares of the company’s stock valued at $15,573,000 after purchasing an additional 333,975 shares during the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on DRS. Weiss Ratings lowered Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Truist Financial set a $59.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Finally, Wall Street Zen downgraded shares of Leonardo DRS from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Leonardo DRS Stock Up 1.7%

DRS opened at $46.58 on Friday. The stock’s fifty day simple moving average is $40.33 and its 200 day simple moving average is $39.19. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The stock has a market cap of $12.39 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 2.28 and a beta of 0.41. The company has a current ratio of 1.89, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $994.79 million. During the same period in the previous year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, research analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is currently 34.95%.

Insider Buying and Selling

In related news, EVP Sally Wallace sold 1,300 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $35.17, for a total value of $45,721.00. Following the transaction, the executive vice president owned 58,353 shares in the company, valued at approximately $2,052,275.01. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Dippold sold 10,588 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $37.00, for a total transaction of $391,756.00. Following the completion of the transaction, the chief financial officer owned 42,952 shares in the company, valued at approximately $1,589,224. This trade represents a 19.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 23,888 shares of company stock valued at $979,877. Company insiders own 0.34% of the company’s stock.

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.