First Trust Advisors LP Has $166.22 Million Position in Leonardo DRS, Inc. $DRS

First Trust Advisors LP increased its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 116.8% during the third quarter, Holdings Channel reports. The institutional investor owned 3,661,214 shares of the company’s stock after purchasing an additional 1,972,596 shares during the quarter. First Trust Advisors LP’s holdings in Leonardo DRS were worth $166,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Leonardo DRS by 30.1% in the 2nd 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 during the period. State Street Corp increased its position in shares of Leonardo DRS by 8.3% during the second quarter. State Street Corp now owns 3,311,605 shares of the company’s stock valued at $153,923,000 after purchasing an additional 254,975 shares during the period. Voya Investment Management LLC increased its position in shares of Leonardo DRS by 21.3% during the third quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company’s stock valued at $82,039,000 after purchasing an additional 317,294 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Leonardo DRS by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,728,172 shares of the company’s stock valued at $78,433,000 after purchasing an additional 108,315 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Leonardo DRS by 64.6% in the second 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. 18.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DRS has been the topic of a number of recent research reports. Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a research note on Wednesday, February 25th. Weiss Ratings downgraded shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen lowered shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Truist Financial set a $59.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

Leonardo DRS Price Performance

Shares of DRS stock opened at $46.58 on Friday. The stock’s fifty day simple moving average is $40.33 and its 200 day simple moving average is $39.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.63. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 2.32 and a beta of 0.41. Leonardo DRS, Inc. has a one year low of $28.17 and a one year high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $994.79 million. During the same period in the prior year, the business posted $0.38 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is presently 34.95%.

Insider Buying and Selling

In related news, EVP Sally Wallace sold 1,300 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $35.17, for a total transaction of $45,721.00. Following the completion of the sale, the executive vice president owned 58,353 shares in the company, valued at $2,052,275.01. This trade represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Dippold sold 10,588 shares of Leonardo DRS stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $37.00, for a total transaction of $391,756.00. Following the transaction, the chief financial officer directly owned 42,952 shares of the company’s stock, valued at $1,589,224. This represents a 19.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,888 shares of company stock worth $979,877 in the last quarter. 0.34% of the stock is owned by corporate insiders.

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.