29,997 Shares in Leonardo DRS, Inc. $DRS Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 29,997 shares of the company’s stock, valued at approximately $1,362,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DRS. Munro Partners boosted its stake in shares of Leonardo DRS by 72.5% during the 3rd quarter. Munro Partners now owns 170,345 shares of the company’s stock worth $7,734,000 after acquiring an additional 71,590 shares during the period. Stephens Investment Management Group LLC raised its stake in Leonardo DRS by 20.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company’s stock valued at $37,113,000 after acquiring an additional 139,531 shares during the period. CWM LLC lifted its holdings in Leonardo DRS by 460.8% during the 3rd quarter. CWM LLC now owns 37,677 shares of the company’s stock valued at $1,711,000 after purchasing an additional 30,958 shares during the last quarter. Catalyst Funds Management Pty Ltd lifted its holdings in Leonardo DRS by 275.4% during the 2nd quarter. Catalyst Funds Management Pty Ltd now owns 27,030 shares of the company’s stock valued at $1,256,000 after purchasing an additional 19,830 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after purchasing an additional 870,772 shares during the period. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Down 0.5%

Shares of NASDAQ DRS opened at $45.91 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 2.30 and a beta of 0.41. Leonardo DRS, Inc. has a 12 month low of $28.17 and a 12 month high of $49.31. The stock has a 50-day moving average price of $41.32 and a two-hundred day moving average price of $39.34.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $994.79 million. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 annualized dividend and a yield of 0.8%. Leonardo DRS’s dividend payout ratio is presently 34.95%.

Analyst Ratings Changes

Several research firms have commented on DRS. Weiss Ratings downgraded shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Truist Financial set a $59.00 target price on shares of Leonardo DRS in a report on Wednesday, February 25th. Wall Street Zen lowered shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a report on Wednesday, February 25th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Leonardo DRS currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

Insider Buying and Selling at Leonardo DRS

In other news, EVP Sally Wallace sold 1,300 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $35.17, for a total transaction of $45,721.00. Following the completion of the transaction, the executive vice president directly owned 58,353 shares in the company, valued at approximately $2,052,275.01. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Pamela Morrow sold 12,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total value of $542,400.00. Following the completion of the transaction, the senior vice president owned 6,494 shares of the company’s stock, valued at $293,528.80. The trade was a 64.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,888 shares of company stock worth $979,877 over the last quarter. Corporate insiders own 0.34% of the company’s stock.

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.