Van ECK Associates Corp Grows Position in Leonardo DRS, Inc. $DRS

Van ECK Associates Corp boosted its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 9.3% during the third quarter, Holdings Channel.com reports. The firm owned 1,820,059 shares of the company’s stock after acquiring an additional 154,792 shares during the period. Van ECK Associates Corp’s holdings in Leonardo DRS were worth $82,631,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Invesco Ltd. raised its stake in shares of Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock valued at $175,144,000 after acquiring an additional 870,772 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Leonardo DRS by 116.8% during the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after acquiring an additional 1,972,596 shares in the last quarter. State Street Corp boosted its position in shares of Leonardo DRS by 8.3% in the 2nd quarter. State Street Corp now owns 3,311,605 shares of the company’s stock worth $153,923,000 after purchasing an additional 254,975 shares in the last quarter. Voya Investment Management LLC raised its stake in Leonardo DRS by 21.3% in the third quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company’s stock valued at $82,039,000 after buying an additional 317,294 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Leonardo DRS by 6.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,728,172 shares of the company’s stock worth $78,433,000 after acquiring an additional 108,315 shares in the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DRS. Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Truist Financial set a $59.00 price target on Leonardo DRS in a research note on Wednesday, February 25th. Finally, Weiss Ratings downgraded shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

Leonardo DRS Stock Down 2.2%

DRS stock opened at $46.35 on Wednesday. Leonardo DRS, Inc. has a 12 month low of $28.17 and a 12 month high of $49.31. The company has a market cap of $12.33 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 2.36 and a beta of 0.41. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $40.84 and a two-hundred day moving average of $39.25.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $994.79 million. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. Leonardo DRS’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is presently 34.95%.

Insiders Place Their Bets

In other Leonardo DRS news, CFO Michael Dippold sold 10,588 shares of Leonardo DRS stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $37.00, for a total transaction of $391,756.00. Following the completion of the sale, the chief financial officer directly owned 42,952 shares of the company’s stock, valued at $1,589,224. The trade was a 19.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sally Wallace sold 1,300 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $35.17, for a total transaction of $45,721.00. Following the completion of the transaction, the executive vice president owned 58,353 shares in the company, valued at $2,052,275.01. This represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,888 shares of company stock worth $979,877 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Leonardo DRS 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.