Dynamic Technology Lab Private Ltd Invests $933,000 in Leonardo DRS, Inc. $DRS

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,547 shares of the company’s stock, valued at approximately $933,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC raised its holdings in Leonardo DRS by 122.6% in the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after acquiring an additional 298 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after purchasing an additional 275 shares during the last quarter. Clearstead Advisors LLC boosted its stake in Leonardo DRS by 564.1% during the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after purchasing an additional 581 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Leonardo DRS by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 315 shares in the last quarter. Finally, UMB Bank n.a. purchased a new position in shares of Leonardo DRS in the third quarter worth $45,000. Institutional investors own 18.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sally Wallace sold 1,300 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 58,353 shares in the company, valued at $2,052,275.01. This 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, CFO Michael Dippold sold 10,588 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was 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 directly owned 42,952 shares in the company, valued at approximately $1,589,224. The trade was a 19.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 23,888 shares of company stock valued at $979,877. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

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

Leonardo DRS Price Performance

Shares of DRS opened at $46.58 on Monday. The firm has a fifty day simple moving average of $40.33 and a two-hundred day simple moving average of $39.16. The firm has a market cap of $12.39 billion, a PE ratio of 45.22, a P/E/G ratio of 2.32 and a beta of 0.41. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31.

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

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is presently 34.95%.

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.