Stephens Investment Management Group LLC Raises Stock Position in Leonardo DRS, Inc. $DRS

Stephens Investment Management Group LLC lifted its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 20.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 817,465 shares of the company’s stock after buying an additional 139,531 shares during the period. Stephens Investment Management Group LLC’s holdings in Leonardo DRS were worth $37,113,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in Leonardo DRS by 30.1% in 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. State Street Corp lifted its stake in Leonardo DRS by 8.3% during the second quarter. State Street Corp now owns 3,311,605 shares of the company’s stock worth $153,923,000 after purchasing an additional 254,975 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Leonardo DRS by 21.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company’s stock worth $82,039,000 after purchasing an additional 317,294 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Leonardo DRS by 6.9% in the 2nd quarter. First Trust Advisors LP now owns 1,688,618 shares of the company’s stock worth $78,487,000 after purchasing an additional 109,343 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Leonardo DRS by 64.6% during the 2nd quarter. Bank of America Corp DE now owns 1,251,415 shares of the company’s stock valued at $58,166,000 after purchasing an additional 491,158 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

Insider Buying and Selling

In other Leonardo DRS news, CFO Michael Dippold sold 10,588 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $37.00, for a total value 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 represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Sally Wallace sold 1,300 shares of the firm’s stock in a transaction 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 directly owned 58,353 shares of the company’s stock, valued at $2,052,275.01. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DRS. Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Leonardo DRS in a report on Thursday, October 30th. Morgan Stanley set a $40.00 price target on shares of Leonardo DRS in a research note on Tuesday, December 16th. Zacks Research lowered shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Truist Financial set a $54.00 price objective on Leonardo DRS in a report on Friday, January 9th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Leonardo DRS presently has a consensus rating of “Moderate Buy” and an average price target of $47.14.

Leonardo DRS Trading Up 0.7%

Shares of DRS opened at $42.57 on Friday. The firm’s 50-day moving average price is $35.22 and its 200-day moving average price is $40.10. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 2.10 and a beta of 0.44. The company has a current ratio of 2.00, a quick ratio of 1.63 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 Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $924.79 million. During the same period in the prior year, the firm earned $0.24 earnings per share. Leonardo DRS’s revenue was up 18.2% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Sell-side 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 was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, November 18th. Leonardo DRS’s dividend payout ratio (DPR) is presently 36.73%.

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.