AXQ Capital LP Increases Stock Position in Leonardo DRS, Inc. $DRS

AXQ Capital LP grew its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 301.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,872 shares of the company’s stock after purchasing an additional 33,699 shares during the period. AXQ Capital LP’s holdings in Leonardo DRS were worth $1,530,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its position in Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after acquiring an additional 581 shares during the period. Leonteq Securities AG purchased a new position in Leonardo DRS in the fourth quarter valued at about $34,000. Allworth Financial LP grew its position in shares of Leonardo DRS by 504.1% during the 3rd 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. UMB Bank n.a. purchased a new stake in shares of Leonardo DRS during the 3rd quarter worth approximately $45,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Leonardo DRS during the 4th quarter worth approximately $46,000. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Price Performance

DRS stock opened at $47.96 on Tuesday. The firm has a 50 day moving average of $44.19 and a 200-day moving average of $40.55. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $49.31. The firm has a market capitalization of $12.79 billion, a P/E ratio of 44.82, a price-to-earnings-growth ratio of 3.52 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $825.05 million. During the same period last year, the business earned $0.20 earnings per share. Leonardo DRS’s 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, sell-side analysts predict that Leonardo DRS, Inc. will post 1.3 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is 33.64%.

Insider Activity

In other news, CFO Michael Dippold sold 16,330 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $45.27, for a total value of $739,259.10. Following the completion of the transaction, the chief financial officer directly owned 26,622 shares in the company, valued at approximately $1,205,177.94. This trade represents a 38.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reuben Jeffery III acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price of $42.77 per share, with a total value of $1,069,250.00. Following the completion of the transaction, the director directly owned 25,000 shares of the company’s stock, valued at $1,069,250. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 63,906 shares of company stock valued at $2,923,463 over the last ninety days. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DRS shares. Canaccord Genuity Group raised their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Bank of America raised their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Leonardo DRS currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

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.