Leonardo DRS, Inc. $DRS Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 107.6% in the first quarter, Holdings Channel reports. The firm owned 2,118,331 shares of the company’s stock after buying an additional 1,098,108 shares during the period. Leonardo DRS comprises about 1.3% of Stephens Investment Management Group LLC’s portfolio, making the stock its 12th largest position. Stephens Investment Management Group LLC’s holdings in Leonardo DRS were worth $94,308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Root Financial Partners LLC grew its stake in Leonardo DRS by 426.0% during the 1st quarter. Root Financial Partners LLC now owns 1,194 shares of the company’s stock worth $53,000 after buying an additional 967 shares during the last quarter. Union Bancaire Privee UBP SA boosted its holdings in Leonardo DRS by 4.3% in the first quarter. Union Bancaire Privee UBP SA now owns 34,649 shares of the company’s stock worth $1,543,000 after acquiring an additional 1,444 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Leonardo DRS in the fourth quarter worth about $605,000. Virtu Financial LLC grew its stake in shares of Leonardo DRS by 23.0% during the fourth quarter. Virtu Financial LLC now owns 15,886 shares of the company’s stock worth $542,000 after acquiring an additional 2,972 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Leonardo DRS by 125.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,301 shares of the company’s stock worth $726,000 after acquiring an additional 11,843 shares during the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Leonardo DRS Price Performance

Shares of NASDAQ DRS opened at $43.72 on Friday. The business’s 50 day moving average price is $44.20 and its 200 day moving average price is $42.44. The firm has a market cap of $11.66 billion, a P/E ratio of 40.86, a P/E/G ratio of 3.15 and a beta of 0.36. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 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 issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $825.05 million. During the same quarter in the prior year, the company earned $0.20 EPS. Leonardo DRS’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. On average, sell-side analysts expect that Leonardo DRS, Inc. will post 1.3 earnings per share for the current 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. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is 33.64%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DRS. Canaccord Genuity Group increased 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 raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Bank of America upped their price target 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. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings lowered shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Leonardo DRS presently has an average rating of “Moderate Buy” and a consensus price target of $53.75.

Insider Activity

In other Leonardo DRS news, Director Reuben Jeffery III bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $42.77 per share, for a total transaction of $1,069,250.00. Following the completion of the transaction, the director directly owned 25,000 shares of the company’s stock, valued at approximately $1,069,250. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 sale, the chief financial officer directly owned 55,460 shares in the company, valued at approximately $2,577,780.80. The trade was a 13.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 61,499 shares of company stock valued at $2,819,430 over the last quarter. Insiders own 0.25% of the company’s stock.

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.