Erste Asset Management GmbH Boosts Stock Position in Leonardo DRS, Inc. $DRS

Erste Asset Management GmbH increased its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 503.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 142,750 shares of the company’s stock after buying an additional 119,100 shares during the quarter. Erste Asset Management GmbH’s holdings in Leonardo DRS were worth $4,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Leonardo DRS by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock worth $263,091,000 after buying an additional 34,858 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after buying an additional 1,972,596 shares during the last quarter. State Street Corp grew its stake 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 buying an additional 254,975 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Leonardo DRS by 9.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,820,059 shares of the company’s stock worth $82,631,000 after buying an additional 154,792 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock worth $80,639,000 after buying an additional 1,071,708 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Insider Activity at Leonardo DRS

In other news, EVP Sally Wallace sold 28,960 shares of Leonardo DRS stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $46.35, for a total value of $1,342,296.00. Following the sale, the executive vice president directly owned 58,353 shares of the company’s stock, valued at approximately $2,704,661.55. The trade was a 33.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pamela Morrow sold 11,545 shares of Leonardo DRS stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total value of $521,025.85. Following the completion of the sale, the senior vice president directly owned 10,551 shares in the company, valued at $476,166.63. This trade represents a 52.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 76,089 shares of company stock worth $3,491,236 in the last three months. Corporate insiders own 0.25% of the company’s stock.

Leonardo DRS Stock Performance

Shares of DRS opened at $47.35 on Wednesday. The business’s fifty day simple moving average is $44.38 and its two-hundred day simple moving average is $41.07. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $49.31. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 3.36 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $846.00 million for the quarter, compared to analysts’ expectations of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Research analysts anticipate that Leonardo DRS, Inc. will post 1.3 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were 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 of this dividend was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is 33.64%.

Wall Street Analysts Forecast Growth

DRS has been the topic of several recent research reports. Weiss Ratings upgraded Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group increased their target price on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research note on Wednesday, February 25th. Finally, Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Leonardo DRS currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.