Voya Investment Management LLC Purchases 317,294 Shares of Leonardo DRS, Inc. $DRS

Voya Investment Management LLC grew its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 21.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,807,025 shares of the company’s stock after acquiring an additional 317,294 shares during the quarter. Voya Investment Management LLC’s holdings in Leonardo DRS were worth $82,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in Leonardo DRS during the second quarter worth $26,000. 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 buying an additional 275 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 315 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Leonardo DRS during the 2nd quarter worth about $70,000. Finally, Penserra Capital Management LLC bought a new position in shares of Leonardo DRS in the 2nd quarter valued at about $69,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 8,481 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $43.69, for a total value of $370,534.89. Following the transaction, the chief operating officer directly owned 106,007 shares of the company’s stock, valued at $4,631,445.83. This represents a 7.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DRS. Zacks Research lowered Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Truist Financial dropped their price objective on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Canaccord Genuity Group reissued a “buy” rating and issued a $50.00 target price on shares of Leonardo DRS in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Leonardo DRS in a report on Tuesday. Finally, Morgan Stanley set a $40.00 price target on shares of Leonardo DRS in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.14.

Leonardo DRS Stock Up 1.4%

DRS opened at $33.64 on Friday. The stock’s fifty day simple moving average is $35.96 and its 200 day simple moving average is $41.13. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The stock has a market cap of $8.95 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.90 and a beta of 0.50. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, research analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Leonardo DRS’s dividend payout ratio (DPR) is presently 36.73%.

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.