Public Employees Retirement System of Ohio Invests $929,000 in Leonardo DRS, Inc. $DRS

Public Employees Retirement System of Ohio bought a new stake in Leonardo DRS, Inc. (NASDAQ:DRS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,775 shares of the company’s stock, valued at approximately $929,000.

A number of other institutional investors have also made changes to their positions in DRS. Bank of Montreal Can grew its holdings in Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock worth $665,000 after acquiring an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Leonardo DRS by 4.7% in the fourth 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 last quarter. Osaic Holdings Inc. lifted its position in shares of Leonardo DRS by 17.0% during the second quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after purchasing an additional 347 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Leonardo DRS by 3.3% during the fourth quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock valued at $415,000 after purchasing an additional 389 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Leonardo DRS by 6.3% in the fourth 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 owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Michael Dippold sold 20,317 shares of Leonardo DRS stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $37.18, for a total transaction of $755,386.06. Following the transaction, the chief financial officer owned 35,143 shares in the company, valued at $1,306,616.74. The trade was a 36.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total value of $1,665,630.57. Following the completion of the transaction, the chief executive officer owned 122,435 shares of the company’s stock, valued at $5,591,606.45. This represents a 22.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 64,517 shares of company stock worth $2,773,382 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Leonardo DRS Stock Performance

Shares of Leonardo DRS stock opened at $36.06 on Thursday. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.25 and a beta of 0.35. The firm has a fifty day moving average of $43.05 and a two-hundred day moving average of $44.09.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The company had revenue of $913.00 million during the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. As a group, equities research analysts predict that Leonardo DRS, Inc. will post 1.39 EPS for the current year.

Leonardo DRS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 13th. Leonardo DRS’s payout ratio is presently 30.25%.

Analyst Ratings Changes

Several research analysts recently weighed in on DRS shares. 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, July 31st. Weiss Ratings upgraded Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.60.

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.