Renaissance Technologies LLC Has $8.64 Million Stock Holdings in Leonardo DRS, Inc. $DRS

Renaissance Technologies LLC decreased its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 26.9% during the 1st quarter, Holdings Channel reports. The firm owned 193,994 shares of the company’s stock after selling 71,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Leonardo DRS were worth $8,637,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Quarry LP lifted its holdings in Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Leonardo DRS during the fourth quarter worth approximately $34,000. Fifth Third Bancorp bought a new position in shares of Leonardo DRS in the first quarter valued at approximately $41,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Leonardo DRS in the fourth quarter valued at approximately $46,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Leonardo DRS by 324.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,362 shares of the company’s stock worth $46,000 after acquiring an additional 1,041 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

More Leonardo DRS News

Here are the key news stories impacting Leonardo DRS this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $0.35 versus the $0.27 analyst consensus, while revenue rose 10% year over year to $913 million, exceeding estimates of $903.3 million. Net earnings increased 59% to $86 million, and adjusted EBITDA climbed 33% to $128 million. Leonardo DRS Announces Financial Results for Second Quarter 2026
• Positive Sentiment: Guidance was raised: Leonardo DRS increased its 2026 adjusted EPS outlook to $1.34-$1.39 from $1.26-$1.30, above the $1.30 consensus estimate. Adjusted EBITDA guidance was also raised to $525 million-$540 million, although revenue guidance was unchanged at $3.9 billion-$4.0 billion. Leonardo DRS 2026 Guidance and Raft Acquisition
• Positive Sentiment: Backlog and bookings support future growth: Quarterly bookings reached $1.1 billion, producing a 1.2x book-to-bill ratio, while funded backlog rose 17% year over year to a record $5.1 billion. Growth was led by tactical radar, infrared sensing, electric power and propulsion, and naval computing programs.
• Positive Sentiment: Raft acquisition expands software capabilities: DRS agreed to acquire Raft for $450 million, adding expertise in artificial intelligence, data fusion, and mission software. The deal could strengthen DRS’s position in multi-domain defense technology. Leonardo DRS Signs Agreement to Acquire Raft
• Neutral Sentiment: JPMorgan raised its price target to $53 from $48 but retained a Neutral rating. The higher target signals improved valuation potential, but the unchanged rating suggests limited conviction at the current valuation. Benzinga Price Target Update
• Negative Sentiment: Acquisition execution and funding remain risks: Raft is expected to require substantial capital, and the transaction faces closing, integration, regulatory, and potential debt-related risks. Management’s 2026 guidance excludes Raft’s contribution.

Insiders Place Their Bets

In related news, SVP Pamela Morrow sold 11,545 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total value of $521,025.85. Following the transaction, the senior vice president owned 10,551 shares in the company, valued at $476,166.63. This trade represents a 52.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jason Rinsky sold 3,865 shares of Leonardo DRS stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.87, for a total value of $181,152.55. Following the completion of the sale, the executive vice president owned 31,310 shares of the company’s stock, valued at approximately $1,467,499.70. The trade was a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 65,364 shares of company stock valued at $2,994,785 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday. Canaccord Genuity Group lifted their price target on 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 upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Leonardo DRS has a consensus rating of “Moderate Buy” and an average price target of $53.60.

Leonardo DRS Stock Performance

DRS stock opened at $46.05 on Monday. The company has a 50 day moving average price of $45.67 and a 200 day moving average price of $43.93. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.92 and a quick ratio of 1.56. The stock has a market capitalization of $12.29 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 3.08 and a beta of 0.35.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $913.00 million for the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. Analysts forecast that Leonardo DRS, Inc. will post 1.4 EPS for the current year.

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid 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 is Thursday, August 13th. Leonardo DRS’s dividend payout ratio is 30.25%.

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.