Leonardo DRS, Inc. $DRS Shares Bought by Munro Partners

Munro Partners lifted its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 72.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 170,345 shares of the company’s stock after acquiring an additional 71,590 shares during the quarter. Munro Partners owned about 0.06% of Leonardo DRS worth $7,734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DRS. Caitong International Asset Management Co. Ltd bought a new position in Leonardo DRS during the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC lifted its holdings in Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after acquiring an additional 275 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Leonardo DRS in the 1st quarter worth approximately $50,000. Finally, Twin Tree Management LP bought a new stake in shares of Leonardo DRS in the 1st quarter worth approximately $58,000. Institutional investors own 18.76% of the company’s stock.

Insiders Place Their Bets

In other Leonardo DRS news, COO John Baylouny sold 8,481 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total value of $370,534.89. Following the completion of the sale, the chief operating officer owned 106,007 shares in the company, valued at $4,631,445.83. This represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Leonardo DRS Stock Down 0.4%

NASDAQ:DRS opened at $34.62 on Wednesday. The business’s fifty day moving average price is $35.60 and its 200 day moving average price is $40.95. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.99 and a beta of 0.50. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $924.79 million. During the same period last year, the company posted $0.24 EPS. The business’s quarterly 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. On average, sell-side analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, November 18th. Leonardo DRS’s dividend payout ratio is currently 36.73%.

Wall Street Analyst Weigh In

DRS has been the subject of a number of research reports. Canaccord Genuity Group restated a “buy” rating and set a $50.00 target price on shares of Leonardo DRS in a report on Thursday, October 30th. Truist Financial dropped their price target on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Zacks Research lowered Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Morgan Stanley set a $40.00 target price on Leonardo DRS in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.14.

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.