Versor Investments LP Raises Stake in Leonardo DRS, Inc. $DRS

Versor Investments LP raised its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 141.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,038 shares of the company’s stock after buying an additional 13,479 shares during the period. Versor Investments LP’s holdings in Leonardo DRS were worth $785,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its holdings in Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock valued at $246,000 after buying an additional 322 shares in the last quarter. Arizona State Retirement System lifted its holdings in Leonardo DRS by 1.4% in the third quarter. Arizona State Retirement System now owns 23,616 shares of the company’s stock valued at $1,072,000 after acquiring an additional 327 shares during the last quarter. Osaic Holdings Inc. grew its position in Leonardo DRS by 17.0% in the second quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after acquiring an additional 347 shares during the period. Penn Capital Management Company LLC grew its position in Leonardo DRS by 0.9% in the third quarter. Penn Capital Management Company LLC now owns 45,880 shares of the company’s stock worth $2,115,000 after acquiring an additional 406 shares during the period. Finally, Savant Capital LLC grew its position in Leonardo DRS by 7.4% in the third quarter. Savant Capital LLC now owns 6,002 shares of the company’s stock worth $272,000 after acquiring an additional 416 shares during the period. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DRS has been the subject of several analyst reports. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a research report on Wednesday, February 25th. Canaccord Genuity Group increased their price objective on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Bank of America increased their price objective on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings lowered Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Leonardo DRS currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Insider Transactions at Leonardo DRS

In related news, SVP Pamela Morrow sold 12,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total value of $542,400.00. Following the transaction, the senior vice president owned 6,494 shares of the company’s stock, valued at $293,528.80. This represents a 64.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Sally Wallace sold 28,960 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $46.35, for a total value of $1,342,296.00. Following the completion of the transaction, the executive vice president directly owned 58,353 shares in the company, valued at $2,704,661.55. This trade represents a 33.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 64,361 shares of company stock valued at $2,944,837. 0.25% of the stock is currently owned by company insiders.

Leonardo DRS Stock Up 3.3%

NASDAQ:DRS opened at $42.87 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $44.52 and its two-hundred day moving average is $39.82. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $49.31. The stock has a market capitalization of $11.44 billion, a price-to-earnings ratio of 40.07, a price-to-earnings-growth ratio of 3.02 and a beta of 0.29.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The company had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $825.05 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Research analysts anticipate that Leonardo DRS, Inc. will post 1.29 EPS for the current year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is currently 33.64%.

Leonardo DRS Company 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.