Hsbc Holdings PLC Makes New $605,000 Investment in Leonardo DRS, Inc. $DRS

Hsbc Holdings PLC bought a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 17,695 shares of the company’s stock, valued at approximately $605,000.

A number of other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Leonardo DRS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock worth $1,441,000 after purchasing an additional 1,922 shares during the last quarter. Millennium Management LLC increased its holdings in Leonardo DRS by 29.0% in the first quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock valued at $12,157,000 after purchasing an additional 83,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Leonardo DRS by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock valued at $4,882,000 after purchasing an additional 12,712 shares during the last quarter. Intech Investment Management LLC lifted its stake in Leonardo DRS by 18.6% in the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after buying an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Leonardo DRS in the first quarter valued at about $225,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Bank of America increased their price target on shares of 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 raised shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. 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 report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.75.

Leonardo DRS Stock Down 1.2%

NASDAQ:DRS opened at $43.82 on Thursday. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $50.59. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 3.20 and a beta of 0.36. The stock has a 50-day moving average price of $44.84 and a two-hundred day moving average price of $43.11.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities analysts expect that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Dividend Announcement

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

Insider Activity

In other news, CEO John Baylouny sold 36,471 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total value of $1,665,630.57. Following the completion of the transaction, the chief executive officer owned 122,435 shares in the company, valued at $5,591,606.45. This represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 8,318 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $46.48, for a total transaction of $386,620.64. Following the sale, the chief financial officer directly owned 55,460 shares of the company’s stock, valued at $2,577,780.80. This represents a 13.04% decrease in their position. 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. In the last ninety days, insiders sold 65,364 shares of company stock worth $2,994,785. Corporate insiders own 0.25% of the company’s stock.

About Leonardo DRS

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.