Vanguard Group Inc. Buys 34,858 Shares of Leonardo DRS, Inc. $DRS

Vanguard Group Inc. increased its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,717,551 shares of the company’s stock after acquiring an additional 34,858 shares during the quarter. Vanguard Group Inc.’s holdings in Leonardo DRS were worth $263,091,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DRS. Clearstead Advisors LLC grew its holdings in Leonardo DRS by 564.1% during the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after buying an additional 581 shares in the last quarter. Allworth Financial LP grew its holdings in Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after buying an additional 736 shares in the last quarter. UMB Bank n.a. bought a new stake in Leonardo DRS during the third quarter worth $45,000. PNC Financial Services Group Inc. grew its holdings in Leonardo DRS by 435.0% during the third quarter. PNC Financial Services Group Inc. now owns 1,161 shares of the company’s stock worth $53,000 after buying an additional 944 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Leonardo DRS by 176.3% during the third quarter. EverSource Wealth Advisors LLC now owns 1,210 shares of the company’s stock worth $55,000 after buying an additional 772 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Down 0.2%

DRS stock opened at $41.36 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 1.86. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 3.01 and a beta of 0.29. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $49.31. The stock has a fifty day moving average of $44.58 and a 200-day moving average of $39.79.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 EPS. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities research analysts predict that Leonardo DRS, Inc. will post 1.29 earnings per share for the current year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Leonardo DRS’s dividend payout ratio is presently 33.64%.

Analyst Ratings Changes

A number of brokerages have issued reports on DRS. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a research note on Wednesday, February 25th. Bank of America upped their price objective on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Wall Street Zen downgraded Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Leonardo DRS presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Transactions at Leonardo DRS

In other news, EVP Sally Wallace sold 28,960 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $46.35, for a total transaction of $1,342,296.00. Following the completion of the transaction, the executive vice president owned 58,353 shares in the company, valued at approximately $2,704,661.55. This represents a 33.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 16,330 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $45.27, for a total value of $739,259.10. Following the transaction, the chief financial officer owned 26,622 shares of the company’s stock, valued at $1,205,177.94. The trade was a 38.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 64,361 shares of company stock worth $2,944,837. 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.