Munro Partners Has $7.73 Million Stock Position in Leonardo DRS, Inc. $DRS

Munro Partners raised its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 72.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,345 shares of the company’s stock after purchasing an additional 71,590 shares during the quarter. Munro Partners’ holdings in Leonardo DRS were worth $7,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in shares of Leonardo DRS by 4.0% during the 1st quarter. Hsbc Holdings PLC now owns 9,191 shares of the company’s stock valued at $298,000 after buying an additional 357 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Leonardo DRS during the first quarter valued at approximately $50,000. Capital Fund Management S.A. acquired a new stake in Leonardo DRS in the first quarter valued at approximately $1,099,000. AlphaQuest LLC lifted its stake in Leonardo DRS by 396.6% in the first quarter. AlphaQuest LLC now owns 7,047 shares of the company’s stock valued at $232,000 after acquiring an additional 5,628 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in Leonardo DRS in the first quarter worth approximately $970,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Stock Down 0.4%

DRS opened at $34.62 on Wednesday. The company has a market capitalization of $9.21 billion, a P/E ratio of 35.33, a P/E/G ratio of 1.99 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.63. The firm’s fifty day moving average price is $35.60 and its two-hundred day moving average price is $40.95. Leonardo DRS, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $924.79 million. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. On average, analysts anticipate that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, November 18th. Leonardo DRS’s payout ratio is presently 36.73%.

Insiders Place Their Bets

In other news, COO John Baylouny sold 8,481 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $43.69, for a total value of $370,534.89. Following the sale, the chief operating officer directly owned 106,007 shares in the company, valued at approximately $4,631,445.83. This represents a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DRS. Truist Financial cut their price target on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Zacks Research downgraded shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Morgan Stanley set a $40.00 price target on Leonardo DRS in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a research note on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.14.

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.