Swedbank AB Increases Position in Leonardo DRS, Inc. $DRS

Swedbank AB grew its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 22.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,211 shares of the company’s stock after purchasing an additional 22,006 shares during the quarter. Swedbank AB’s holdings in Leonardo DRS were worth $5,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DRS. Norges Bank purchased a new position in Leonardo DRS in the 4th quarter worth approximately $37,481,000. Stephens Investment Management Group LLC boosted its holdings in Leonardo DRS by 107.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock valued at $94,308,000 after acquiring an additional 1,098,108 shares during the period. Millennium Management LLC grew its holdings in shares of Leonardo DRS by 152.1% in the third quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock worth $80,639,000 after purchasing an additional 1,071,708 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Leonardo DRS by 528.6% in the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock valued at $56,000,000 after acquiring an additional 1,070,870 shares during the period. Finally, UBS Group AG raised its position in Leonardo DRS by 566.2% during the 3rd quarter. UBS Group AG now owns 711,588 shares of the company’s stock valued at $32,306,000 after purchasing an additional 604,783 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Price Performance

DRS stock traded down $0.52 during trading on Friday, hitting $44.15. 573,554 shares of the company’s stock traded hands, compared to its average volume of 1,181,970. The business has a fifty day simple moving average of $44.65 and a 200 day simple moving average of $42.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 41.26, a P/E/G ratio of 3.22 and a beta of 0.36.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The business had revenue of $846.00 million for the quarter, compared to the consensus estimate of $825.05 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, research analysts expect that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given 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 was Tuesday, May 19th. Leonardo DRS’s payout ratio is 33.64%.

Analysts Set New Price Targets

Several research firms have recently commented on DRS. Weiss Ratings cut shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group boosted 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, Bank of America raised their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Leonardo DRS has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.

Insider Buying and Selling at Leonardo DRS

In related news, SVP Pamela Morrow sold 11,545 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total value of $521,025.85. Following the completion of the sale, the senior vice president owned 10,551 shares in the company, valued at approximately $476,166.63. The trade was a 52.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Dippold sold 8,318 shares of Leonardo DRS stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $46.48, for a total value of $386,620.64. Following the sale, the chief financial officer directly owned 55,460 shares of the company’s stock, valued at approximately $2,577,780.80. This represents a 13.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 65,364 shares of company stock valued at $2,994,785. 0.25% of the stock is owned by company insiders.

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.