TD Asset Management Inc Sells 27,286 Shares of Leonardo DRS, Inc. $DRS

TD Asset Management Inc lessened its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 64.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,222 shares of the company’s stock after selling 27,286 shares during the period. TD Asset Management Inc’s holdings in Leonardo DRS were worth $691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. lifted its holdings in Leonardo DRS by 30.1% in the 2nd quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after buying an additional 870,772 shares during the period. State Street Corp increased its stake in shares of Leonardo DRS by 8.3% during the second quarter. State Street Corp now owns 3,311,605 shares of the company’s stock valued at $153,923,000 after buying an additional 254,975 shares during the period. Voya Investment Management LLC raised its holdings in shares of Leonardo DRS by 21.3% during the third quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company’s stock valued at $82,039,000 after acquiring an additional 317,294 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Leonardo DRS by 6.9% during the second quarter. First Trust Advisors LP now owns 1,688,618 shares of the company’s stock valued at $78,487,000 after acquiring an additional 109,343 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Leonardo DRS by 64.6% in the second quarter. Bank of America Corp DE now owns 1,251,415 shares of the company’s stock worth $58,166,000 after acquiring an additional 491,158 shares during the period. Institutional investors own 18.76% of the company’s stock.

Insider Transactions at Leonardo DRS

In other news, CFO Michael Dippold sold 10,588 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $37.00, for a total value of $391,756.00. Following the sale, the chief financial officer directly owned 42,952 shares of the company’s stock, valued at $1,589,224. This represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sally Wallace sold 1,300 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $35.17, for a total transaction of $45,721.00. Following the completion of the transaction, the executive vice president owned 58,353 shares of the company’s stock, valued at approximately $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 23,888 shares of company stock valued at $979,877 in the last three months. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on DRS shares. Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a report on Wednesday, February 25th. Weiss Ratings lowered shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Truist Financial set a $59.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.33.

Leonardo DRS Trading Up 1.7%

DRS opened at $46.58 on Friday. The stock has a market cap of $12.39 billion, a PE ratio of 45.22, a PEG ratio of 2.28 and a beta of 0.41. The company has a quick ratio of 1.63, a current ratio of 1.89 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $40.33 and a 200-day moving average of $39.19. Leonardo DRS, Inc. has a 52 week low of $28.17 and a 52 week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $994.79 million. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. Equities research analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, March 10th. Leonardo DRS’s payout ratio is 34.95%.

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.