JPMorgan Chase & Co. Has $36.20 Million Stake in Leonardo DRS, Inc. $DRS

JPMorgan Chase & Co. lowered its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,419 shares of the company’s stock after selling 82,561 shares during the period. JPMorgan Chase & Co. owned about 0.30% of Leonardo DRS worth $36,203,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in shares of Leonardo DRS by 122.6% during the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after buying an additional 298 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Leonardo DRS by 91.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after acquiring an additional 275 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after acquiring an additional 581 shares during the last quarter. GAMMA Investing LLC raised its holdings in Leonardo DRS by 72.2% during the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 315 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after acquiring an additional 736 shares in the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on DRS. Truist Financial set a $59.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Weiss Ratings raised shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $43.78 on Friday. 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 12 month low of $28.17 and a 12 month high of $49.31. The stock has a 50 day moving average of $42.23 and a 200-day moving average of $39.47. The company has a market capitalization of $11.65 billion, a P/E ratio of 42.51, a P/E/G ratio of 2.18 and a beta of 0.41.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, beating 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 business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $994.79 million. During the same quarter in the prior year, the business earned $0.38 EPS. The firm’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. As a group, equities research analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

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

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, SVP Pamela Morrow sold 12,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total value of $542,400.00. Following the transaction, the senior vice president directly owned 6,494 shares of the company’s stock, valued at $293,528.80. This represents a 64.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sally Wallace sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $35.17, for a total transaction of $45,721.00. Following the sale, the executive vice president owned 58,353 shares of the company’s stock, valued at $2,052,275.01. This trade represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 40,218 shares of company stock worth $1,719,136. 0.34% of the stock is owned by insiders.

Leonardo DRS 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.