Los Angeles Capital Management LLC Boosts Stock Holdings in Leonardo DRS, Inc. $DRS

Los Angeles Capital Management LLC boosted its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 76.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 601,245 shares of the company’s stock after buying an additional 260,719 shares during the period. Los Angeles Capital Management LLC’s holdings in Leonardo DRS were worth $21,675,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Leonardo DRS by 4.6% during the 1st 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 increased its stake in Leonardo DRS by 29.0% during the 1st 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 increased its stake in Leonardo DRS by 9.4% during the 1st 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 increased its stake in Leonardo DRS by 18.6% during the 1st 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 stake in Leonardo DRS during the 1st quarter worth approximately $225,000. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Leonardo DRS Stock Performance

DRS opened at $46.15 on Monday. Leonardo DRS, Inc. has a one year low of $32.43 and a one year high of $49.31. The stock has a market capitalization of $12.31 billion, a PE ratio of 43.13, a P/E/G ratio of 3.33 and a beta of 0.34. The business’s 50 day moving average price is $44.33 and its 200 day moving average price is $40.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $825.05 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities research analysts expect that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a $0.09 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS’s dividend payout ratio is currently 33.64%.

Insider Transactions at Leonardo DRS

In related news, SVP Pamela Morrow sold 11,545 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total value of $521,025.85. Following the transaction, the senior vice president directly owned 10,551 shares in the company, valued at approximately $476,166.63. This represents a 52.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sally Wallace sold 28,960 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $46.35, for a total value of $1,342,296.00. Following the completion of the transaction, the executive vice president owned 58,353 shares in the company, valued at $2,704,661.55. This represents a 33.17% 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 a total of 67,771 shares of company stock valued at $3,104,615 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on DRS. Canaccord Genuity Group boosted their price objective on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Bank of America upped their price target on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Morgan Stanley set a $47.00 price target on Leonardo DRS in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

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.