Harel Insurance Investments & Financial Services Ltd. Buys 13,921 Shares of Leonardo DRS, Inc. $DRS

Harel Insurance Investments & Financial Services Ltd. lifted its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 38.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 49,735 shares of the company’s stock after buying an additional 13,921 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Leonardo DRS were worth $2,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Quarry LP grew its position in Leonardo DRS by 7,041.7% in the fourth quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after acquiring an additional 845 shares during the period. Leonteq Securities AG acquired a new position in Leonardo DRS during the fourth quarter worth $34,000. Allworth Financial LP lifted its holdings in shares of Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock valued at $40,000 after acquiring an additional 736 shares during the period. Fifth Third Bancorp bought a new position in shares of Leonardo DRS during the first quarter valued at $41,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Leonardo DRS in the 4th quarter valued at $46,000. Institutional investors own 18.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DRS. Weiss Ratings lowered shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Canaccord Genuity Group boosted their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Finally, Bank of America lifted their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.75.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, EVP Jason Rinsky sold 3,865 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.87, for a total transaction of $181,152.55. Following the transaction, the executive vice president owned 31,310 shares of the company’s stock, valued at approximately $1,467,499.70. This represents a 10.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 8,318 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.48, for a total value of $386,620.64. Following the completion of the transaction, the chief financial officer owned 55,460 shares in the company, valued at $2,577,780.80. The trade was a 13.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 65,364 shares of company stock worth $2,994,785 over the last ninety days. 0.25% of the stock is currently owned by insiders.

Leonardo DRS Stock Performance

Shares of NASDAQ:DRS opened at $43.82 on Thursday. Leonardo DRS, Inc. has a twelve month low of $32.43 and a twelve month high of $50.59. The firm has a market cap of $11.69 billion, a PE ratio of 40.95, a price-to-earnings-growth ratio of 3.20 and a beta of 0.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The business has a fifty day moving average of $44.84 and a 200-day moving average of $43.11.

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

Leonardo DRS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is currently 33.64%.

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.