Sei Investments Co. Grows Stake in Leonardo DRS, Inc. $DRS

Sei Investments Co. increased its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 73.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,916 shares of the company’s stock after acquiring an additional 70,757 shares during the period. Sei Investments Co.’s holdings in Leonardo DRS were worth $7,431,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Erste Asset Management GmbH boosted its position in Leonardo DRS by 503.6% in the fourth quarter. Erste Asset Management GmbH now owns 142,750 shares of the company’s stock worth $4,872,000 after purchasing an additional 119,100 shares during the last quarter. Swedbank AB increased its position in shares of Leonardo DRS by 1,026.0% during the 4th quarter. Swedbank AB now owns 96,205 shares of the company’s stock valued at $3,280,000 after purchasing an additional 87,661 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Leonardo DRS by 24.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,020,223 shares of the company’s stock worth $34,779,000 after purchasing an additional 202,758 shares during the period. AXQ Capital LP lifted its stake in shares of Leonardo DRS by 301.6% in the 4th quarter. AXQ Capital LP now owns 44,872 shares of the company’s stock worth $1,530,000 after purchasing an additional 33,699 shares during the period. Finally, Norges Bank purchased a new position in shares of Leonardo DRS in the fourth quarter worth approximately $37,481,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS News Summary

Here are the key news stories impacting Leonardo DRS this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $0.35 versus the $0.27 analyst consensus, while revenue rose 10% year over year to $913 million, exceeding estimates of $903.3 million. Net earnings increased 59% to $86 million, and adjusted EBITDA climbed 33% to $128 million. Leonardo DRS Announces Financial Results for Second Quarter 2026
• Positive Sentiment: Guidance was raised: Leonardo DRS increased its 2026 adjusted EPS outlook to $1.34-$1.39 from $1.26-$1.30, above the $1.30 consensus estimate. Adjusted EBITDA guidance was also raised to $525 million-$540 million, although revenue guidance was unchanged at $3.9 billion-$4.0 billion. Leonardo DRS 2026 Guidance and Raft Acquisition
• Positive Sentiment: Backlog and bookings support future growth: Quarterly bookings reached $1.1 billion, producing a 1.2x book-to-bill ratio, while funded backlog rose 17% year over year to a record $5.1 billion. Growth was led by tactical radar, infrared sensing, electric power and propulsion, and naval computing programs.
• Positive Sentiment: Raft acquisition expands software capabilities: DRS agreed to acquire Raft for $450 million, adding expertise in artificial intelligence, data fusion, and mission software. The deal could strengthen DRS’s position in multi-domain defense technology. Leonardo DRS Signs Agreement to Acquire Raft
• Neutral Sentiment: JPMorgan raised its price target to $53 from $48 but retained a Neutral rating. The higher target signals improved valuation potential, but the unchanged rating suggests limited conviction at the current valuation. Benzinga Price Target Update
• Negative Sentiment: Acquisition execution and funding remain risks: Raft is expected to require substantial capital, and the transaction faces closing, integration, regulatory, and potential debt-related risks. Management’s 2026 guidance excludes Raft’s contribution.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday. Canaccord Genuity Group boosted their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.60.

Insider Buying and Selling

In other Leonardo DRS news, Director Reuben Jeffery III purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of $42.77 per share, with a total value of $1,069,250.00. Following the completion of the acquisition, the director directly owned 25,000 shares in the company, valued at $1,069,250. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jason Rinsky sold 3,865 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total value of $181,152.55. Following the completion of the transaction, the executive vice president owned 31,310 shares in the company, valued at $1,467,499.70. The trade was a 10.99% 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 have sold a total of 65,364 shares of company stock worth $2,994,785 in the last three months. Corporate insiders own 0.25% of the company’s stock.

Leonardo DRS Price Performance

NASDAQ DRS opened at $46.05 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $50.59. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 3.08 and a beta of 0.35. The company’s 50 day moving average is $45.67 and its two-hundred day moving average is $43.93.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $913.00 million during the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. As a group, research analysts anticipate that Leonardo DRS, Inc. will post 1.4 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is 30.25%.

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.