Erste Asset Management GmbH Takes $1.04 Million Position in Leonardo DRS, Inc. $DRS

Erste Asset Management GmbH bought a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,650 shares of the company’s stock, valued at approximately $1,035,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Munro Partners grew its holdings in shares of Leonardo DRS by 72.5% in the third quarter. Munro Partners now owns 170,345 shares of the company’s stock valued at $7,734,000 after purchasing an additional 71,590 shares during the period. Stephens Investment Management Group LLC grew its stake in shares of Leonardo DRS by 20.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company’s stock valued at $37,113,000 after buying an additional 139,531 shares during the period. CWM LLC increased its holdings in shares of Leonardo DRS by 460.8% during the 3rd quarter. CWM LLC now owns 37,677 shares of the company’s stock worth $1,711,000 after buying an additional 30,958 shares during the last quarter. Catalyst Funds Management Pty Ltd raised its position in shares of Leonardo DRS by 275.4% during the 2nd quarter. Catalyst Funds Management Pty Ltd now owns 27,030 shares of the company’s stock valued at $1,256,000 after buying an additional 19,830 shares during the period. Finally, Strs Ohio lifted its holdings in Leonardo DRS by 54.2% in the second quarter. Strs Ohio now owns 41,637 shares of the company’s stock valued at $1,935,000 after acquiring an additional 14,637 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Activity

In other news, CFO Michael Dippold sold 10,588 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $37.00, for a total value of $391,756.00. Following the transaction, the chief financial officer owned 42,952 shares in the company, valued at approximately $1,589,224. This represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sally Wallace sold 1,300 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $35.17, for a total value of $45,721.00. Following the sale, the executive vice president directly owned 58,353 shares in the company, valued at $2,052,275.01. This trade represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

Leonardo DRS Trading Up 0.1%

Shares of DRS stock opened at $43.39 on Monday. Leonardo DRS, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $49.31. The company has a 50 day moving average price of $39.16 and a 200 day moving average price of $39.01. The stock has a market capitalization of $11.54 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $994.79 million. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.82%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. Equities research analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued 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 of this dividend is Tuesday, March 10th. Leonardo DRS’s payout ratio is 34.95%.

Wall Street Analysts Forecast Growth

DRS has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday, December 29th. Wall Street Zen downgraded Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday. Truist Financial set a $59.00 target price on shares of Leonardo DRS in a research report on Wednesday. Finally, Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leonardo DRS presently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

Leonardo DRS 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.