Leonardo DRS, Inc. $DRS Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 86.1% during the first quarter, HoldingsChannel.com reports. The firm owned 5,698 shares of the company’s stock after selling 35,233 shares during the period. Lazard Asset Management LLC’s holdings in Leonardo DRS were worth $254,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its stake in Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after acquiring an additional 845 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Leonardo DRS in the first quarter valued at about $41,000. Leonteq Securities AG purchased a new position in shares of Leonardo DRS in the fourth quarter worth about $34,000. PNC Financial Services Group Inc. raised its stake in shares of Leonardo DRS by 435.0% in the third quarter. PNC Financial Services Group Inc. now owns 1,161 shares of the company’s stock worth $53,000 after purchasing an additional 944 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Leonardo DRS by 426.0% during the first quarter. Root Financial Partners LLC now owns 1,194 shares of the company’s stock worth $53,000 after purchasing an additional 967 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Transactions at Leonardo DRS

In other news, Director Reuben Jeffery III purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $42.77 per share, for a total transaction of $1,069,250.00. Following the completion of the transaction, the director owned 25,000 shares in the company, valued at $1,069,250. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Dippold sold 8,318 shares of Leonardo DRS stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.48, for a total transaction of $386,620.64. Following the completion of the transaction, the chief financial officer directly owned 55,460 shares of the company’s stock, valued at $2,577,780.80. The trade was a 13.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 69,228 shares of company stock worth $3,171,794. Insiders own 0.25% of the company’s stock.

Leonardo DRS Stock Down 1.1%

Leonardo DRS stock opened at $44.80 on Friday. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 37.65, a price-to-earnings-growth ratio of 2.76 and a beta of 0.35. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The business’s 50-day moving average price is $45.52 and its 200 day moving average price is $44.03. The company has a quick ratio of 1.56, a current ratio of 1.92 and a debt-to-equity ratio of 0.05.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The company had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. During the same period in the previous year, the company posted $0.23 earnings per share. Leonardo DRS’s revenue for the quarter was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. As a group, sell-side analysts anticipate that Leonardo DRS, Inc. will post 1.39 earnings per share for the current year.

Leonardo DRS Announces Dividend

The company also recently announced 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. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Leonardo DRS’s payout ratio is currently 30.25%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Canaccord Genuity Group upped their target price on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their price objective 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 report on Sunday, May 10th. Finally, Weiss Ratings raised shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.60.

Leonardo DRS 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.