Kieckhefer Group LLC Invests $835,000 in Leonardo DRS, Inc. $DRS

Kieckhefer Group LLC acquired a new position in Leonardo DRS, Inc. (NASDAQ:DRS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,396 shares of the company’s stock, valued at approximately $835,000. Leonardo DRS accounts for approximately 0.4% of Kieckhefer Group LLC’s portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Leonardo DRS in the 2nd quarter worth about $26,000. Steward Partners Investment Advisory LLC raised its stake in Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after acquiring an additional 275 shares in the last quarter. GAMMA Investing LLC boosted its position in Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 315 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Leonardo DRS in the second quarter worth $70,000. Finally, Penserra Capital Management LLC acquired a new position in shares of Leonardo DRS during the second quarter valued at $69,000. 18.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Leonardo DRS

In related news, COO John Baylouny sold 8,481 shares of Leonardo DRS stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $43.69, for a total value of $370,534.89. Following the transaction, the chief operating officer owned 106,007 shares of the company’s stock, valued at approximately $4,631,445.83. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by company insiders.

Leonardo DRS Stock Performance

NASDAQ:DRS opened at $34.13 on Tuesday. The company has a 50-day moving average of $35.15 and a 200-day moving average of $40.66. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 1.96 and a beta of 0.50. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12. Leonardo DRS, Inc. has a twelve month low of $28.17 and a twelve month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last released its earnings results on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a $0.09 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. Leonardo DRS’s dividend payout ratio (DPR) is 36.73%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley set a $40.00 price target on shares of Leonardo DRS in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price objective on shares of Leonardo DRS in a research note on Thursday, October 30th. Finally, Truist Financial cut their target price on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.14.

About Leonardo DRS

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.