Verdence Capital Advisors LLC Purchases 12,959 Shares of Leonardo DRS, Inc. $DRS

Verdence Capital Advisors LLC purchased a new stake in Leonardo DRS, Inc. (NASDAQ:DRS) in the third quarter, HoldingsChannel reports. The firm purchased 12,959 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds have also modified their holdings of the company. Tower View Wealth Management LLC boosted its stake in Leonardo DRS by 4.3% during the 3rd quarter. Tower View Wealth Management LLC now owns 95,871 shares of the company’s stock worth $3,512,000 after acquiring an additional 3,936 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Leonardo DRS in the third quarter worth about $842,000. Root Financial Partners LLC acquired a new stake in shares of Leonardo DRS during the third quarter worth about $47,000. Axxcess Wealth Management LLC acquired a new stake in shares of Leonardo DRS during the third quarter worth about $259,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Leonardo DRS by 118.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,017 shares of the company’s stock valued at $184,000 after purchasing an additional 2,721 shares in the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DRS shares. Weiss Ratings lowered Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 22nd. Morgan Stanley cut their price target on shares of Leonardo DRS from $47.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Guggenheim initiated coverage on shares of Leonardo DRS in a report on Monday, September 14th. They issued a “buy” rating and a $51.00 price target for the company. JPMorgan Chase & Co. increased 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. Finally, Oppenheimer initiated coverage on shares of Leonardo DRS in a report on Thursday, October 22nd. They set an “outperform” rating and a $45.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and an average price target of $51.57.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, EVP Jason Rinsky sold 3,864 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.81, for a total value of $177,009.84. Following the completion of the sale, the executive vice president owned 23,581 shares of the company’s stock, valued at $1,080,245.61. The trade was a 14.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 20,317 shares of the stock in a transaction that occurred on 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 approximately $1,306,616.74. The trade was a 36.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.25% of the stock is currently owned by company insiders.

Leonardo DRS Price Performance

Shares of DRS opened at $39.64 on Friday. The firm has a market capitalization of $10.58 billion, a PE ratio of 33.31, a PEG ratio of 2.14 and a beta of 0.32. 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 company’s 50-day moving average is $36.77 and its 200-day moving average is $42.20. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.59.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. 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 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. Equities analysts forecast that Leonardo DRS, Inc. will post 1.39 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 12th. Leonardo DRS’s dividend payout ratio (DPR) is currently 30.25%.

More Leonardo DRS News

Here are the key news stories impacting Leonardo DRS this week:

• Positive Sentiment: Third-quarter adjusted EPS was $0.46, above the $0.35 consensus estimate, while revenue reached $1.07 billion, exceeding the $1.03 billion estimate. EPS increased from $0.29 and revenue grew 11% year over year. Earnings Flash: Leonardo DRS adjusted EPS
• Positive Sentiment: Profitability improved sharply: net earnings rose 60% to $115 million, adjusted EBITDA increased 27% to $149 million, and adjusted EBITDA margin expanded to 14.0% from 12.2%, supported by favorable product mix, operating leverage, and strong execution. Leonardo DRS third-quarter financial results
• Positive Sentiment: Bookings reached a record $1.6 billion, producing a 1.5x book-to-bill ratio. Funded backlog rose 21% year over year to a record $5.6 billion, improving visibility into future revenue from defense programs including tactical radars, naval power and propulsion, and space sensing.
• Positive Sentiment: Leonardo DRS raised its 2026 outlook. Revenue guidance increased to $3.95-$3.985 billion, adjusted EBITDA guidance to $545-$555 million, and adjusted diluted EPS guidance to $1.50-$1.53. Leonardo DRS raises fiscal 2026 outlook
• Positive Sentiment: The board declared a quarterly dividend of $0.09 per share, payable November 25 to shareholders of record November 12. The company also repurchased approximately $12 million of stock during the quarter.
• Neutral Sentiment: Management’s earnings call emphasized robust defense demand and confidence in the raised outlook, although the guidance excludes the pending Raft acquisition and remains subject to government funding, contract execution, and integration risks.
• Negative Sentiment: Third-quarter free cash flow fell to $61 million from $77 million a year earlier because of higher working-capital needs. Cash declined to $294 million, although the company reported no borrowings under its credit facility and reduced long-term debt.

Leonardo DRS Profile

Leonardo DRS, Inc is a defense technology company that develops and supplies advanced products and systems for the U.S. military and government customers, as well as allied nations. The company operates as a subsidiary of Leonardo S.p.A. and focuses on technologies used in land, sea, air and space-related defense applications.

Its offerings include sensing and surveillance systems, electro-optical and infrared technologies, radar and electronic warfare products, network computing and communications systems, counter-uncrewed aircraft systems, force protection equipment, and naval power and propulsion systems.