Ledgewood Wealth Advisors LLC Reduces Position in Leonardo DRS, Inc. $DRS

Ledgewood Wealth Advisors LLC trimmed its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 63.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,840 shares of the company’s stock after selling 22,000 shares during the period. Ledgewood Wealth Advisors LLC’s holdings in Leonardo DRS were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Leonardo DRS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after acquiring an additional 1,922 shares in the last quarter. Millennium Management LLC raised its holdings in Leonardo DRS by 29.0% in the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock valued at $12,157,000 after acquiring an additional 83,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Leonardo DRS by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock worth $4,882,000 after purchasing an additional 12,712 shares in the last quarter. Intech Investment Management LLC lifted its stake in Leonardo DRS by 18.6% in the 1st quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock worth $1,597,000 after purchasing an additional 7,625 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Leonardo DRS during the 1st quarter worth approximately $225,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group upped their price target 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 Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, JPMorgan Chase & Co. raised their target price on Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.60.

Insider Activity at Leonardo DRS

In related news, CEO John Baylouny sold 36,471 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the completion of the sale, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sally Wallace sold 1,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $65,000.00. Following the completion of the sale, the executive vice president owned 57,053 shares in the company, valued at approximately $2,852,650. This trade represents a 2.23% decrease in their ownership of the stock. 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 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

Leonardo DRS Stock Performance

NASDAQ:DRS opened at $44.80 on Friday. The company’s 50-day moving average is $45.52 and its two-hundred day moving average is $44.03. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $50.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.92 and a quick ratio of 1.56. The firm has a market capitalization of $11.96 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.73 and a beta of 0.35.

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, topping analysts’ consensus estimates of $0.27 by $0.08. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The business had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. During the same quarter last year, the firm earned $0.23 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. Analysts forecast that Leonardo DRS, Inc. will post 1.39 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.36 annualized dividend and a yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is 30.25%.

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.