Stephens Investment Management Group LLC Boosts Stake in Leonardo DRS, Inc. $DRS

Stephens Investment Management Group LLC lifted its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,020,223 shares of the company’s stock after buying an additional 202,758 shares during the period. Stephens Investment Management Group LLC’s holdings in Leonardo DRS were worth $34,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Leonardo DRS by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock worth $1,441,000 after buying an additional 1,922 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Leonardo DRS by 29.0% in the first quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $12,157,000 after buying an additional 83,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Leonardo DRS by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock worth $4,882,000 after buying an additional 12,712 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Leonardo DRS by 18.6% in the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock worth $1,597,000 after buying an additional 7,625 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Leonardo DRS in the first quarter worth about $225,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Trading Down 3.2%

Shares of DRS stock opened at $41.50 on Friday. 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 stock has a market capitalization of $11.07 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 3.01 and a beta of 0.29. The company has a 50 day moving average price of $44.29 and a 200 day moving average price of $39.87. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm 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 previous year, the business posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Equities research analysts predict that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Leonardo DRS’s payout ratio is 33.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DRS shares. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Canaccord Genuity Group raised their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Activity at Leonardo DRS

In related news, SVP Pamela Morrow sold 12,000 shares of Leonardo DRS 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 approximately $293,528.80. The trade was a 64.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Dippold sold 16,330 shares of Leonardo DRS stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $45.27, for a total transaction of $739,259.10. Following the completion of the transaction, the chief financial officer owned 26,622 shares of the company’s stock, valued at $1,205,177.94. This trade represents a 38.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 64,361 shares of company stock worth $2,944,837. Corporate insiders own 0.25% of the company’s stock.

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.