Quent Capital LLC Purchases 19,029 Shares of Leonardo DRS, Inc. $DRS

Quent Capital LLC lifted its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 42,286.7% in the 4th quarter, Holdings Channel reports. The fund owned 19,074 shares of the company’s stock after buying an additional 19,029 shares during the quarter. Quent Capital LLC’s holdings in Leonardo DRS were worth $650,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in DRS. First Trust Advisors LP boosted its stake in Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after purchasing an additional 1,972,596 shares during the period. Millennium Management LLC boosted its stake in Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock worth $80,639,000 after purchasing an additional 1,071,708 shares during the period. AQR Capital Management LLC boosted its stake in Leonardo DRS by 528.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after purchasing an additional 1,070,870 shares during the period. UBS Group AG boosted its stake in Leonardo DRS by 566.2% in the 3rd quarter. UBS Group AG now owns 711,588 shares of the company’s stock worth $32,306,000 after purchasing an additional 604,783 shares during the period. Finally, Bank of America Corp DE boosted its stake in Leonardo DRS by 64.6% in the 2nd quarter. Bank of America Corp DE now owns 1,251,415 shares of the company’s stock worth $58,166,000 after purchasing an additional 491,158 shares during the period. Institutional investors own 18.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DRS. Bank of America raised their target price on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Weiss Ratings upgraded Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Truist Financial set a $59.00 target price on Leonardo DRS in a research note on Wednesday, February 25th. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Morgan Stanley set a $47.00 target price on Leonardo DRS in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Leonardo DRS Stock Performance

Shares of DRS opened at $39.98 on Monday. The company has a market cap of $10.63 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.95 and a beta of 0.43. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $44.51 and a 200-day moving average price of $39.86. Leonardo DRS, Inc. has a 12-month low of $32.43 and a 12-month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Sunday, February 15th. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $1.06 billion during the quarter. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%. As a group, equities analysts forecast that Leonardo DRS, Inc. will post 1.27 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is currently 34.95%.

Insider Activity at Leonardo DRS

In related news, EVP Sally Wallace sold 28,960 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $46.35, for a total transaction of $1,342,296.00. Following the transaction, the executive vice president directly owned 58,353 shares of the company’s stock, valued at approximately $2,704,661.55. This trade represents a 33.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 16,330 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $45.27, for a total value of $739,259.10. Following the transaction, the chief financial officer directly owned 26,622 shares in the company, valued at approximately $1,205,177.94. This represents a 38.02% 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 64,361 shares of company stock valued at $2,944,837. Corporate insiders own 0.25% of the company’s stock.

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.