Lazard Asset Management LLC Trims Stake in Leonardo DRS, Inc. $DRS

Lazard Asset Management LLC lessened its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 86.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,698 shares of the company’s stock after selling 35,233 shares during the quarter. Lazard Asset Management LLC’s holdings in Leonardo DRS were worth $254,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DRS. Quarry LP grew its holdings in Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the last quarter. Leonteq Securities AG bought a new stake in Leonardo DRS in the fourth quarter worth about $34,000. Fifth Third Bancorp purchased a new position in shares of Leonardo DRS during the first quarter valued at approximately $41,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Leonardo DRS during the fourth quarter valued at approximately $46,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Leonardo DRS by 324.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,362 shares of the company’s stock valued at $46,000 after buying an additional 1,041 shares during the period. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Price Performance

NASDAQ DRS opened at $44.80 on Friday. The company has a market cap of $11.96 billion, a PE ratio of 37.65, a P/E/G ratio of 2.76 and a beta of 0.35. The firm’s 50 day moving average price is $45.52 and its 200-day moving average price is $44.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $50.59.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. Leonardo DRS’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. Sell-side analysts forecast that Leonardo DRS, Inc. will post 1.39 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s payout ratio is presently 30.25%.

Insider Activity

In related news, CFO Michael Dippold sold 8,318 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $46.48, for a total transaction of $386,620.64. Following the sale, the chief financial officer owned 55,460 shares of the company’s stock, valued at $2,577,780.80. This trade represents a 13.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 122,435 shares in the company, valued at approximately $5,591,606.45. The trade was a 22.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 69,228 shares of company stock worth $3,171,794 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings upgraded Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Finally, Canaccord Genuity Group lifted their target price on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.60.

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.