23,650 Shares in Leonardo DRS, Inc. $DRS Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in Leonardo DRS, Inc. (NASDAQ:DRS) in the third quarter, HoldingsChannel reports. The institutional investor purchased 23,650 shares of the company’s stock, valued at approximately $1,035,000.

Other hedge funds also recently made changes to their positions in the company. Fox Run Management L.L.C. increased its position in shares of Leonardo DRS by 20.1% during the third quarter. Fox Run Management L.L.C. now owns 9,638 shares of the company’s stock worth $438,000 after purchasing an additional 1,613 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of Leonardo DRS by 340,050.0% in the 3rd quarter. Optiver Holding B.V. now owns 6,803 shares of the company’s stock valued at $309,000 after purchasing an additional 6,801 shares during the period. AXQ Capital LP purchased a new position in Leonardo DRS during the 3rd quarter worth approximately $507,000. EverSource Wealth Advisors LLC increased its position in Leonardo DRS by 176.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,210 shares of the company’s stock worth $55,000 after buying an additional 772 shares during the period. Finally, Clearstead Advisors LLC lifted its stake in Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after buying an additional 581 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DRS shares. Weiss Ratings restated a “buy (b-)” rating on shares of Leonardo DRS in a research 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 price objective on shares of Leonardo DRS in a research note on Wednesday. Finally, Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.86.

Insider Buying and Selling

In other news, CFO Michael Dippold sold 10,588 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 42,952 shares of the company’s stock, valued at $1,589,224. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sally Wallace sold 1,300 shares of the company’s stock in a transaction on Monday, January 5th. The stock was 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 in the company, valued at $2,052,275.01. This represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by insiders.

Leonardo DRS Stock Performance

NASDAQ:DRS opened at $43.39 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.63. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.41. The firm’s fifty day moving average price is $39.16 and its 200 day moving average price is $39.01. 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 earnings results on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, sell-side analysts expect 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, March 24th. Investors of record on Tuesday, March 10th will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is presently 34.95%.

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.