Swedbank AB Boosts Position in Leonardo DRS, Inc. $DRS

Swedbank AB increased its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 22.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,211 shares of the company’s stock after purchasing an additional 22,006 shares during the quarter. Swedbank AB’s holdings in Leonardo DRS were worth $5,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of Montreal Can raised its position in Leonardo DRS by 1.6% in the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after purchasing an additional 309 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Leonardo DRS by 4.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock valued at $246,000 after purchasing an additional 322 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Leonardo DRS by 17.0% during the second quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after purchasing an additional 347 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Leonardo DRS by 3.3% during the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock worth $415,000 after buying an additional 389 shares during the last quarter. Finally, Penn Capital Management Company LLC lifted its position in shares of Leonardo DRS by 0.9% during the 3rd quarter. Penn Capital Management Company LLC now owns 45,880 shares of the company’s stock worth $2,115,000 after buying an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Price Performance

Shares of DRS traded down $0.52 during trading hours on Friday, reaching $44.15. 573,554 shares of the company traded hands, compared to its average volume of 1,181,970. The stock has a market capitalization of $11.78 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 3.22 and a beta of 0.36. The stock has a fifty day simple moving average of $44.65 and a 200 day simple moving average of $42.85. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.59. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05.

Leonardo DRS (NASDAQ:DRS) last released its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The firm had revenue of $846.00 million during the quarter, compared to analyst estimates of $825.05 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is presently 33.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Bank of America upped their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Canaccord Genuity Group lifted their target price 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. Weiss Ratings downgraded shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.75.

Insider Activity

In other Leonardo DRS news, SVP Pamela Morrow sold 11,545 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total transaction of $521,025.85. Following the transaction, the senior vice president owned 10,551 shares in the company, valued at $476,166.63. The trade was a 52.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Dippold sold 8,318 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.48, for a total transaction of $386,620.64. Following the completion of the transaction, the chief financial officer owned 55,460 shares of the company’s stock, valued at $2,577,780.80. This trade represents a 13.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 65,364 shares of company stock worth $2,994,785 in the last quarter. 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.