Leonardo DRS, Inc. $DRS Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P raised its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 31,067.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 335,050 shares of the company’s stock after buying an additional 333,975 shares during the quarter. Loomis Sayles & Co. L P owned about 0.13% of Leonardo DRS worth $15,573,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Leonardo DRS by 91.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after acquiring an additional 275 shares during the last quarter. Hsbc Holdings PLC increased its position in Leonardo DRS by 4.0% during the 1st quarter. Hsbc Holdings PLC now owns 9,191 shares of the company’s stock worth $298,000 after purchasing an additional 357 shares in the last quarter. Total Clarity Wealth Management Inc. raised its stake in Leonardo DRS by 7.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 7,169 shares of the company’s stock valued at $333,000 after purchasing an additional 514 shares during the last quarter. Bank of Montreal Can raised its stake in Leonardo DRS by 2.9% in the 2nd quarter. Bank of Montreal Can now owns 19,340 shares of the company’s stock valued at $899,000 after purchasing an additional 546 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Leonardo DRS in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Insider Transactions at Leonardo DRS

In related news, CFO Michael Dippold sold 19,360 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 58,834 shares of the company’s stock, valued at approximately $2,450,436.10. This represents a 24.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Baylouny sold 8,481 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total transaction of $370,534.89. Following the completion of the transaction, the chief operating officer owned 106,007 shares in the company, valued at $4,631,445.83. The trade was a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 39,261 shares of company stock valued at $1,654,006. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial lowered their price target 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. Canaccord Genuity Group restated a “buy” rating and set a $50.00 target price on shares of Leonardo DRS in a research report on Thursday, October 30th. Zacks Research cut shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Leonardo DRS in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.14.

Leonardo DRS Price Performance

Leonardo DRS stock opened at $33.83 on Monday. Leonardo DRS, Inc. has a 1 year low of $28.17 and a 1 year high of $49.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.11. The firm has a 50 day moving average price of $39.05 and a 200 day moving average price of $41.97. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 2.02 and a beta of 0.56.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share 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 company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $924.79 million. During the same quarter last year, the firm posted $0.24 earnings per share. Leonardo DRS’s revenue was up 18.2% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Sell-side analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

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

Leonardo DRS 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.