22,498 Shares in Leonardo DRS, Inc. $DRS Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 22,498 shares of the company’s stock, valued at approximately $1,046,000.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in shares of Leonardo DRS during the 1st quarter worth about $31,254,000. T. Rowe Price Investment Management Inc. increased its stake in Leonardo DRS by 16.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,848,473 shares of the company’s stock worth $192,298,000 after buying an additional 804,938 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in Leonardo DRS by 116.3% during the 1st quarter. Lord Abbett & CO. LLC now owns 799,661 shares of the company’s stock worth $26,292,000 after buying an additional 429,922 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Leonardo DRS during the second quarter valued at approximately $16,212,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Leonardo DRS in the second quarter valued at approximately $9,384,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Price Performance

Shares of DRS stock opened at $33.69 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70. The company has a market capitalization of $8.96 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.56. The firm’s 50-day moving average is $39.38 and its two-hundred day moving average is $42.06. Leonardo DRS, Inc. has a 12 month low of $28.17 and a 12 month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly 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. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.45%. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $924.79 million. During the same quarter last year, the firm earned $0.24 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 18th. Leonardo DRS’s dividend payout ratio is 36.73%.

Insiders Place Their Bets

In other Leonardo DRS news, CFO Michael Dippold sold 19,360 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the completion of the transaction, the chief financial officer owned 58,834 shares of the company’s stock, valued at $2,450,436.10. This trade represents a 24.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Baylouny sold 11,420 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total transaction of $477,127.60. Following the completion of the sale, the chief operating officer directly owned 114,488 shares in the company, valued at $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 39,261 shares of company stock valued at $1,654,006. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

DRS has been the subject of several research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a research report on Thursday, October 30th. Truist Financial dropped their target price on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Leonardo DRS in a research report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Leonardo DRS from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Zacks Research cut shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.14.

Leonardo DRS Company 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.