Squarepoint Ops LLC Acquires 30,209 Shares of Leonardo DRS, Inc. $DRS

Squarepoint Ops LLC raised its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 77.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,050 shares of the company’s stock after purchasing an additional 30,209 shares during the quarter. Squarepoint Ops LLC’s holdings in Leonardo DRS were worth $3,209,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Leonardo DRS in the second quarter valued at about $26,000. Steward Partners Investment Advisory LLC increased its position in Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after acquiring an additional 275 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Leonardo DRS in the second quarter worth about $70,000. Penserra Capital Management LLC acquired a new position in shares of Leonardo DRS during the second quarter worth approximately $69,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Leonardo DRS during the first quarter valued at approximately $50,000. Institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

DRS has been the subject of several research analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a research report on Thursday, October 30th. Truist Financial dropped their target price on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a report on Wednesday, December 10th. Zacks Research cut Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Morgan Stanley set a $40.00 target price on shares of Leonardo DRS in a research report on Tuesday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Leonardo DRS currently has a consensus rating of “Moderate Buy” and an average target price of $46.14.

Insider Buying and Selling at Leonardo DRS

In other news, COO John Baylouny sold 8,481 shares of Leonardo DRS stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total transaction 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 trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Leonardo DRS Trading Down 1.7%

NASDAQ DRS opened at $33.12 on Wednesday. The stock has a 50-day simple moving average of $36.63 and a 200 day simple moving average of $41.32. The company has a market capitalization of $8.81 billion, a PE ratio of 33.80, a P/E/G ratio of 1.93 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, Inc. has a 12 month low of $28.17 and a 12 month high of $49.31.

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

Leonardo DRS Dividend Announcement

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

Leonardo DRS Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.