Dimensional Fund Advisors LP Sells 12,991 Shares of Leonardo DRS, Inc. $DRS

Dimensional Fund Advisors LP cut its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,982,998 shares of the company’s stock after selling 12,991 shares during the period. Dimensional Fund Advisors LP’s holdings in Leonardo DRS were worth $88,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Leonardo DRS during the fourth quarter worth approximately $37,481,000. Stephens Investment Management Group LLC boosted its stake in Leonardo DRS by 107.6% in the first quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock valued at $94,308,000 after acquiring an additional 1,098,108 shares during the last quarter. Millennium Management LLC boosted its stake in Leonardo DRS by 152.1% in the third quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after acquiring an additional 1,071,708 shares during the last quarter. AQR Capital Management LLC grew its holdings in Leonardo DRS by 528.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after acquiring an additional 1,070,870 shares during the period. Finally, UBS Group AG grew its holdings in Leonardo DRS by 566.2% during the 3rd quarter. UBS Group AG now owns 711,588 shares of the company’s stock worth $32,306,000 after acquiring an additional 604,783 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Pamela Morrow sold 11,545 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were 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 owned 10,551 shares in the company, valued at $476,166.63. This represents a 52.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Baylouny sold 36,471 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 122,435 shares in the company, valued at $5,591,606.45. The trade was a 22.95% 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. Insiders have sold 65,364 shares of company stock worth $2,994,785 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Leonardo DRS Stock Down 5.4%

Leonardo DRS stock opened at $46.54 on Thursday. The firm has a market capitalization of $12.42 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 3.55 and a beta of 0.36. The company’s 50 day simple moving average is $45.63 and its 200 day simple moving average is $43.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. 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 earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, sell-side analysts anticipate that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is 33.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group upped their price objective on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Leonardo DRS presently has an average rating of “Moderate Buy” and an average price target of $53.75.

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.