JPMorgan Chase & Co. Lowers Stake in Leonardo DRS, Inc. $DRS

JPMorgan Chase & Co. cut its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 797,419 shares of the company’s stock after selling 82,561 shares during the quarter. JPMorgan Chase & Co.’s holdings in Leonardo DRS were worth $36,203,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. True Wealth Design LLC grew its holdings in shares of Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after buying an additional 298 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after acquiring an additional 275 shares during the period. GAMMA Investing LLC grew its stake in shares of Leonardo DRS by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Leonardo DRS in the third quarter valued at approximately $45,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Leonardo DRS by 435.0% in the third quarter. PNC Financial Services Group Inc. now owns 1,161 shares of the company’s stock valued at $53,000 after purchasing an additional 944 shares during the period. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Price Performance

Leonardo DRS stock opened at $43.39 on Friday. The company has a market cap of $11.54 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.45. Leonardo DRS, Inc. has a one year low of $28.17 and a one year high of $49.31. The business has a fifty day moving average of $39.16 and a two-hundred day moving average of $39.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $994.79 million. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.82%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

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

Insider Activity at Leonardo DRS

In related news, EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction on Monday, January 5th. The stock was sold at an average price of $35.17, for a total transaction of $45,721.00. Following the completion of the transaction, the executive vice president directly owned 58,353 shares of the company’s stock, valued at approximately $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael Dippold sold 10,588 shares of the business’s 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 sale, the chief financial officer owned 42,952 shares in the company, valued at approximately $1,589,224. The trade was a 19.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 29th. Wall Street Zen downgraded shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday. Truist Financial set a $59.00 target price on shares of Leonardo DRS in a research note on Wednesday. Finally, Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.86.

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.