Leonardo DRS, Inc. $DRS Shares Sold by Ledgewood Wealth Advisors LLC

Ledgewood Wealth Advisors LLC decreased its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 63.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,840 shares of the company’s stock after selling 22,000 shares during the quarter. Ledgewood Wealth Advisors LLC’s holdings in Leonardo DRS were worth $548,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Leonardo DRS by 49.8% during the second quarter. GAMMA Investing LLC now owns 1,904 shares of the company’s stock worth $81,000 after purchasing an additional 633 shares in the last quarter. Militia Capital Management LLC acquired a new stake in shares of Leonardo DRS in the first quarter valued at $2,328,000. Parallel Advisors LLC grew its stake in shares of Leonardo DRS by 1,701.4% in the first quarter. Parallel Advisors LLC now owns 1,261 shares of the company’s stock valued at $56,000 after buying an additional 1,191 shares in the last quarter. Ruggaard & Associates LLC purchased a new stake in shares of Leonardo DRS in the 1st quarter valued at $211,000. Finally, Essential Partners LLC raised its holdings in shares of Leonardo DRS by 68.7% in the 1st quarter. Essential Partners LLC now owns 1,302 shares of the company’s stock valued at $58,000 after buying an additional 530 shares during the period. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Trading Down 1.1%

DRS opened at $44.80 on Friday. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $50.59. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.73 and a beta of 0.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.92 and a quick ratio of 1.56. The business has a fifty day moving average price of $45.52 and a 200 day moving average price of $44.03.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The company had revenue of $913.00 million for the quarter, compared to the consensus estimate of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.Leonardo DRS’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. Sell-side analysts expect that Leonardo DRS, Inc. will post 1.39 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s payout ratio is presently 30.25%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Canaccord Genuity Group increased their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Leonardo DRS has a consensus rating of “Moderate Buy” and a consensus price target of $53.60.

Insider Transactions at Leonardo DRS

In other news, SVP Pamela Morrow sold 11,545 shares of Leonardo DRS stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total value of $521,025.85. Following the sale, the senior vice president owned 10,551 shares of the company’s stock, valued at $476,166.63. The trade was a 52.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Baylouny sold 36,471 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $45.67, for a total value of $1,665,630.57. Following the transaction, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,228 shares of company stock worth $3,171,794 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

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.