Public Employees Retirement System of Ohio Purchases Shares of 21,775 Leonardo DRS, Inc. $DRS

Public Employees Retirement System of Ohio purchased a new stake in Leonardo DRS, Inc. (NASDAQ:DRS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,775 shares of the company’s stock, valued at approximately $929,000.

A number of other institutional investors and hedge funds have also modified their holdings of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $1,441,000 after buying an additional 1,922 shares during the period. Millennium Management LLC lifted its position in Leonardo DRS by 29.0% during the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $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 position in Leonardo DRS by 9.4% during 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 acquiring an additional 12,712 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Leonardo DRS by 18.6% during the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after acquiring an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Leonardo DRS in the first quarter valued at about $225,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. raised their target price on Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a report 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.60.

Leonardo DRS Trading Down 2.4%

Shares of Leonardo DRS stock opened at $36.06 on Thursday. The firm has a market capitalization of $9.62 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.25 and a beta of 0.35. The company’s fifty day moving average price is $43.05 and its two-hundred day moving average price is $44.09. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week 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.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $913.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. On average, analysts expect that Leonardo DRS, Inc. will post 1.39 EPS for the current year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, August 13th. Leonardo DRS’s dividend payout ratio (DPR) is 30.25%.

Insider Buying and Selling

In related news, CFO Michael Dippold sold 20,317 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $37.18, for a total value of $755,386.06. Following the sale, the chief financial officer owned 35,143 shares of the company’s stock, valued at $1,306,616.74. The trade was a 36.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the chief executive officer owned 122,435 shares in the company, valued at $5,591,606.45. This trade represents a 22.95% 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 sold 64,517 shares of company stock worth $2,773,382 in the last 90 days. 0.25% of the stock is owned by company insiders.

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.