Hsbc Holdings PLC Invests $605,000 in Leonardo DRS, Inc. $DRS

Hsbc Holdings PLC acquired a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 17,695 shares of the company’s stock, valued at approximately $605,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DRS. Vanguard Group Inc. lifted its stake in Leonardo DRS by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock valued at $263,091,000 after acquiring an additional 34,858 shares in the last quarter. State Street Corp boosted its position in Leonardo DRS by 4.0% during the 4th quarter. State Street Corp now owns 3,988,403 shares of the company’s stock worth $135,965,000 after acquiring an additional 153,697 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Leonardo DRS by 77.1% during the 4th quarter. AQR Capital Management LLC now owns 2,255,400 shares of the company’s stock worth $76,887,000 after acquiring an additional 981,956 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Leonardo DRS by 15.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,995,989 shares of the company’s stock valued at $68,043,000 after purchasing an additional 267,817 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Leonardo DRS by 6.3% in the fourth quarter. Millennium Management LLC now owns 1,887,797 shares of the company’s stock valued at $64,355,000 after purchasing an additional 111,612 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michael Dippold sold 8,318 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $46.48, for a total value of $386,620.64. Following the completion of the sale, the chief financial officer directly owned 55,460 shares in the company, valued at approximately $2,577,780.80. This trade represents a 13.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pamela Morrow sold 11,545 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total transaction of $521,025.85. Following the completion of the sale, the senior vice president owned 10,551 shares of the company’s stock, valued at $476,166.63. This trade represents a 52.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 65,364 shares of company stock worth $2,994,785. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

DRS has been the subject of several recent research reports. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Canaccord Genuity Group lifted their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Bank of America increased their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Finally, Weiss Ratings cut Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.75.

Leonardo DRS Trading Down 1.2%

Shares of Leonardo DRS stock opened at $43.82 on Thursday. The stock has a market cap of $11.69 billion, a P/E ratio of 40.95, a P/E/G ratio of 3.20 and a beta of 0.36. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 12-month low of $32.43 and a 12-month high of $50.59. The business’s 50 day moving average is $44.84 and its 200-day moving average is $43.11.

Leonardo DRS (NASDAQ:DRS) last released its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Equities research analysts predict that Leonardo DRS, Inc. will post 1.3 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is 33.64%.

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.