Swedbank AB Buys 87,661 Shares of Leonardo DRS, Inc. $DRS

Swedbank AB increased its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 1,026.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 96,205 shares of the company’s stock after acquiring an additional 87,661 shares during the period. Swedbank AB’s holdings in Leonardo DRS were worth $3,280,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Stephens Investment Management Group LLC lifted its holdings in Leonardo DRS by 24.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,020,223 shares of the company’s stock valued at $34,779,000 after purchasing an additional 202,758 shares during the last quarter. First Trust Advisors LP lifted its holdings in Leonardo DRS by 116.8% during the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after purchasing an additional 1,972,596 shares during the last quarter. PFG Advisors bought a new position in Leonardo DRS during the 3rd quarter valued at about $1,484,000. Magnetar Financial LLC bought a new position in Leonardo DRS during the 3rd quarter valued at about $1,362,000. Finally, Van ECK Associates Corp lifted its holdings in Leonardo DRS by 9.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,820,059 shares of the company’s stock valued at $82,631,000 after purchasing an additional 154,792 shares during the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a report on Wednesday, February 25th. Finally, Canaccord Genuity Group lifted their price target 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, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.00.

Leonardo DRS Stock Down 1.0%

Shares of NASDAQ DRS opened at $45.35 on Thursday. The stock has a market cap of $12.10 billion, a P/E ratio of 42.38, a P/E/G ratio of 3.30 and a beta of 0.29. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $49.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The firm has a 50 day moving average price of $44.03 and a 200 day moving average price of $40.28.

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

Leonardo DRS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is 33.64%.

Insider Activity at Leonardo DRS

In other news, SVP Pamela Morrow sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total value of $542,400.00. Following the completion of the transaction, the senior vice president owned 6,494 shares in the company, valued at $293,528.80. This represents a 64.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sally Wallace sold 28,960 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $46.35, for a total transaction of $1,342,296.00. Following the completion of the transaction, the executive vice president owned 58,353 shares of the company’s stock, valued at $2,704,661.55. This trade represents a 33.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 64,361 shares of company stock worth $2,944,837 over the last ninety days. 0.25% of the stock is owned by corporate insiders.

Leonardo DRS Company 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.