Leonardo DRS, Inc. $DRS Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 9.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 797,419 shares of the company’s stock after selling 82,561 shares during the period. JPMorgan Chase & Co. owned about 0.30% of Leonardo DRS worth $36,203,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D grew its stake in shares of Leonardo DRS by 12.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 51,829 shares of the company’s stock valued at $2,353,000 after buying an additional 5,576 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Leonardo DRS by 435.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,161 shares of the company’s stock valued at $53,000 after acquiring an additional 944 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in Leonardo DRS by 756.7% during the third quarter. Ameritas Advisory Services LLC now owns 1,525 shares of the company’s stock worth $69,000 after purchasing an additional 1,347 shares during the period. MQS Management LLC acquired a new stake in shares of Leonardo DRS during the third quarter worth about $275,000. Finally, Essex Investment Management Co. LLC boosted its stake in shares of Leonardo DRS by 3.3% in the third quarter. Essex Investment Management Co. LLC now owns 262,550 shares of the company’s stock valued at $11,920,000 after purchasing an additional 8,508 shares during the period. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Michael Dippold sold 10,588 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $37.00, for a total transaction of $391,756.00. Following the transaction, the chief financial officer owned 42,952 shares in the company, valued at $1,589,224. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $35.17, for a total value of $45,721.00. Following the transaction, the executive vice president directly owned 58,353 shares in the company, valued at approximately $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. 0.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DRS has been the topic of a number of research reports. Truist Financial set a $59.00 target price on shares of Leonardo DRS in a report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday, December 29th. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research note on Wednesday. Finally, Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday. Six investment analysts have rated the stock with a Buy rating and three have given 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 $48.86.

Leonardo DRS Trading Up 0.1%

NASDAQ:DRS opened at $43.39 on Friday. Leonardo DRS, Inc. has a 1 year low of $28.17 and a 1 year high of $49.31. The stock has a market cap of $11.54 billion, a P/E ratio of 42.13, a P/E/G ratio of 2.18 and a beta of 0.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00. The stock has a 50-day simple moving average of $39.16 and a 200-day simple moving average of $39.05.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $994.79 million. Leonardo DRS had a return on equity of 11.82% and a net margin of 7.62%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts anticipate 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 will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is currently 34.95%.

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.