AlphaQuest LLC Increases Position in Leonardo DRS, Inc. $DRS

AlphaQuest LLC raised its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 112.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,001 shares of the company’s stock after purchasing an additional 7,954 shares during the quarter. AlphaQuest LLC’s holdings in Leonardo DRS were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DRS. Caitong International Asset Management Co. Ltd purchased a new stake in Leonardo DRS in the second quarter valued at approximately $26,000. Nisa Investment Advisors LLC grew its stake in shares of Leonardo DRS by 92.3% in the first quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company’s stock worth $42,000 after acquiring an additional 611 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Leonardo DRS in the first quarter worth $50,000. Twin Tree Management LP acquired a new position in shares of Leonardo DRS in the first quarter worth $58,000. Finally, CWM LLC grew its stake in shares of Leonardo DRS by 147.1% in the first quarter. CWM LLC now owns 5,518 shares of the company’s stock worth $181,000 after acquiring an additional 3,285 shares in the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 11,420 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the completion of the transaction, the chief operating officer owned 114,488 shares in the company, valued at $4,783,308.64. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael Dippold sold 19,360 shares of the company’s stock in a transaction on 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 represents a 24.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,039 shares of company stock worth $2,303,587 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Leonardo DRS Stock Performance

NASDAQ DRS opened at $41.31 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70. Leonardo DRS, Inc. has a 1 year low of $27.87 and a 1 year high of $49.31. The company has a market capitalization of $10.99 billion, a PE ratio of 44.42, a P/E/G ratio of 2.11 and a beta of 0.56. The company has a fifty day moving average of $42.13 and a two-hundred day moving average of $42.44.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The company had revenue of $829.00 million during the quarter, compared to the consensus estimate of $824.50 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Leonardo DRS’s revenue for the quarter was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. As a group, analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS’s dividend payout ratio is currently 38.71%.

Analysts Set New Price Targets

DRS has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Leonardo DRS in a research note on Monday, June 30th. They issued a “buy” rating and a $49.00 price target for the company. Zacks Research upgraded shares of Leonardo DRS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Canaccord Genuity Group initiated coverage on shares of Leonardo DRS in a research note on Monday, August 11th. They issued a “buy” rating and a $50.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Leonardo DRS in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Leonardo DRS currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

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.