Union Square Park Capital Management LLC Acquires New Holdings in Leonardo DRS, Inc. $DRS

Union Square Park Capital Management LLC acquired a new position in Leonardo DRS, Inc. (NASDAQ:DRS) in the first quarter, Holdings Channel reports. The fund acquired 30,000 shares of the company’s stock, valued at approximately $1,336,000.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock worth $665,000 after purchasing an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Leonardo DRS by 4.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock valued at $246,000 after purchasing an additional 322 shares during the last quarter. Osaic Holdings Inc. grew its stake in Leonardo DRS by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock valued at $111,000 after purchasing an additional 347 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of Leonardo DRS by 3.3% in the fourth quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock valued at $415,000 after purchasing an additional 389 shares during the period. Finally, Cibc World Market Inc. raised its stake in shares of Leonardo DRS by 6.3% in the fourth quarter. Cibc World Market Inc. now owns 7,128 shares of the company’s stock worth $243,000 after purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Insiders Place Their Bets

In other Leonardo DRS news, SVP Pamela Morrow sold 11,545 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total value of $521,025.85. Following the sale, the senior vice president owned 10,551 shares in the company, valued at approximately $476,166.63. This represents a 52.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John Baylouny sold 36,471 shares of Leonardo DRS stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the transaction, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 65,364 shares of company stock worth $2,994,785. Corporate insiders own 0.25% of the company’s stock.

Leonardo DRS Stock Performance

NASDAQ DRS opened at $48.10 on Friday. The stock has a 50-day simple moving average of $45.35 and a two-hundred day simple moving average of $43.60. The firm has a market capitalization of $12.83 billion, a P/E ratio of 44.95, a PEG ratio of 3.47 and a beta of 0.36. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities analysts forecast that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.7%. Leonardo DRS’s payout ratio is presently 33.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DRS shares. Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group upped their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.75.

About Leonardo DRS

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.