Leonardo DRS, Inc. $DRS Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 75.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 88,815 shares of the company’s stock after selling 276,064 shares during the quarter. Edgestream Partners L.P.’s holdings in Leonardo DRS were worth $3,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can lifted its position in shares of Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after acquiring an additional 309 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after acquiring an additional 322 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Leonardo DRS by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after acquiring an additional 347 shares during the period. Stephens Inc. AR increased its stake in Leonardo DRS by 3.3% in the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock valued at $415,000 after purchasing an additional 389 shares in the last quarter. Finally, Cibc World Market Inc. increased its stake in Leonardo DRS by 6.3% in the 4th quarter. Cibc World Market Inc. now owns 7,128 shares of the company’s stock valued at $243,000 after purchasing an additional 425 shares in the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Price Performance

Shares of NASDAQ:DRS opened at $46.05 on Friday. The business’s fifty day moving average price is $45.67 and its two-hundred day moving average price is $43.91. The stock has a market cap of $12.28 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 3.29 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. Leonardo DRS, Inc. has a one year low of $32.43 and a one year high of $50.59.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. Leonardo DRS had a return on equity of 13.07% and a net margin of 8.52%.The company had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. During the same quarter last year, the business posted $0.23 earnings per share. Leonardo DRS’s revenue was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. On average, analysts forecast that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Leonardo DRS’s dividend payout ratio (DPR) is currently 30.25%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DRS. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group upped their target price on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Weiss Ratings raised shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. One equities 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. Based on data from MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and a consensus target price of $53.60.

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.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, CEO John Baylouny sold 36,471 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the sale, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at $5,591,606.45. This trade represents a 22.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $521,025.85. Following the sale, the senior vice president directly owned 10,551 shares in the company, valued at $476,166.63. This represents a 52.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 65,364 shares of company stock worth $2,994,785 in the last ninety days. Company insiders own 0.25% of the company’s stock.

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.