Algert Global LLC Has $20.88 Million Holdings in Leonardo DRS, Inc. $DRS

Algert Global LLC grew its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 21.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 459,897 shares of the company’s stock after buying an additional 80,534 shares during the period. Algert Global LLC owned approximately 0.17% of Leonardo DRS worth $20,879,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Leonardo DRS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after acquiring an additional 1,922 shares during the period. Millennium Management LLC grew its holdings in Leonardo DRS by 29.0% in the first quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $12,157,000 after purchasing an additional 83,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Leonardo DRS by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock worth $4,882,000 after purchasing an additional 12,712 shares during the period. Intech Investment Management LLC increased its stake in Leonardo DRS by 18.6% in the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after purchasing an additional 7,625 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Leonardo DRS during the first quarter valued at about $225,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Buying and Selling at Leonardo DRS

In other news, EVP Sally Wallace sold 1,300 shares of the 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Dippold sold 10,588 shares of the firm’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 transaction, the chief financial officer directly owned 42,952 shares in the company, valued at $1,589,224. The trade was a 19.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 23,888 shares of company stock worth $979,877. Corporate insiders own 0.34% of the company’s stock.

Leonardo DRS Price Performance

DRS stock opened at $45.30 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.89. The business has a 50-day simple moving average of $41.53 and a two-hundred day simple moving average of $39.35. The company has a market capitalization of $12.05 billion, a P/E ratio of 43.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.41. Leonardo DRS, Inc. has a 52-week low of $28.17 and a 52-week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $994.79 million. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s quarterly revenue 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. Research analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

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

Analyst Ratings Changes

DRS has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley set a $47.00 price target on Leonardo DRS in a research note on Wednesday, February 25th. Weiss Ratings lowered Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Finally, Truist Financial set a $59.00 price objective on Leonardo DRS in a research note on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Leonardo DRS has an average rating of “Moderate Buy” and an average price target of $50.33.

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.