Savant Capital LLC Buys New Stake in Leonardo DRS, Inc. $DRS

Savant Capital LLC purchased a new stake in Leonardo DRS, Inc. (NASDAQ:DRS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,586 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Leonardo DRS by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company’s stock worth $261,656,000 after acquiring an additional 22,990 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Leonardo DRS by 16.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,848,473 shares of the company’s stock valued at $192,298,000 after purchasing an additional 804,938 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Leonardo DRS by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,096,885 shares of the company’s stock valued at $36,066,000 after purchasing an additional 8,516 shares during the last quarter. Nuveen LLC acquired a new stake in Leonardo DRS during the first quarter worth approximately $31,254,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Leonardo DRS by 1.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 894,122 shares of the company’s stock worth $29,399,000 after buying an additional 13,911 shares during the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DRS has been the topic of a number of recent analyst reports. Truist Financial dropped their target price on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a research 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 research note on Thursday, October 30th. Morgan Stanley lifted their target price on Leonardo DRS from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Leonardo DRS in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and three have issued 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 price target of $47.14.

Insiders Place Their Bets

In related news, CFO Michael Dippold sold 19,360 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the completion of the transaction, the chief financial officer directly owned 58,834 shares of the company’s stock, valued at $2,450,436.10. This represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO John Baylouny sold 11,420 shares of Leonardo DRS stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the completion of the sale, the chief operating officer directly owned 114,488 shares in the company, valued at $4,783,308.64. This represents a 9.07% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 39,261 shares of company stock valued at $1,654,006. 0.34% of the stock is owned by insiders.

Leonardo DRS Stock Performance

Shares of DRS stock opened at $34.00 on Wednesday. The stock’s 50-day moving average price is $40.37 and its 200 day moving average price is $42.41. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $9.04 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. Leonardo DRS, Inc. has a 52-week low of $28.17 and a 52-week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $924.79 million. Leonardo DRS had a return on equity of 11.45% and a net margin of 7.43%.The company’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, equities research analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 18th. Leonardo DRS’s payout ratio is currently 36.73%.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.