California State Teachers Retirement System Has $4.34 Million Holdings in Leonardo DRS, Inc. $DRS

California State Teachers Retirement System raised its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 29.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 97,598 shares of the company’s stock after purchasing an additional 22,031 shares during the period. California State Teachers Retirement System’s holdings in Leonardo DRS were worth $4,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Leonardo DRS by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock valued at $263,091,000 after purchasing an additional 34,858 shares in the last quarter. State Street Corp lifted its stake in Leonardo DRS by 4.0% during the 4th quarter. State Street Corp now owns 3,988,403 shares of the company’s stock valued at $135,965,000 after acquiring an additional 153,697 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Leonardo DRS by 77.1% during the 4th quarter. AQR Capital Management LLC now owns 2,255,400 shares of the company’s stock worth $76,887,000 after acquiring an additional 981,956 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Leonardo DRS by 107.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock worth $94,308,000 after acquiring an additional 1,098,108 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Leonardo DRS by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,995,989 shares of the company’s stock worth $68,043,000 after acquiring an additional 267,817 shares in the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Leonardo DRS news, CFO Michael Dippold sold 8,318 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $46.48, for a total value of $386,620.64. Following the sale, the chief financial officer directly owned 55,460 shares in the company, valued at $2,577,780.80. The trade was a 13.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total value of $1,665,630.57. Following the transaction, the chief executive officer directly owned 122,435 shares in the company, valued at $5,591,606.45. This represents a 22.95% 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. Insiders have sold 69,228 shares of company stock valued at $3,171,794 in the last quarter. 0.25% of the stock is currently owned by company insiders.

Leonardo DRS Price Performance

Shares of NASDAQ:DRS opened at $44.80 on Friday. The company has a market capitalization of $11.96 billion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 2.76 and a beta of 0.35. The company’s 50-day moving average is $45.52 and its 200 day moving average is $44.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. 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 announced its quarterly earnings data on Thursday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. The business had revenue of $913.00 million for the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. On average, equities research analysts forecast that Leonardo DRS, Inc. will post 1.39 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.09 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.36 annualized dividend and a yield of 0.8%. Leonardo DRS’s dividend payout ratio is presently 30.25%.

Analyst Ratings Changes

DRS has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Canaccord Genuity Group lifted their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.60.

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.