Susquehanna Fundamental Investments LLC Increases Stock Position in Leonardo DRS, Inc. $DRS

Susquehanna Fundamental Investments LLC raised its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 95.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,080 shares of the company’s stock after acquiring an additional 68,237 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Leonardo DRS were worth $5,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Leonardo DRS in the 2nd quarter valued at approximately $212,883,000. Norges Bank acquired a new stake in shares of Leonardo DRS in the 4th quarter valued at $37,481,000. Stephens Investment Management Group LLC lifted its position in shares of Leonardo DRS by 107.6% during the 1st quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock worth $94,308,000 after purchasing an additional 1,098,108 shares during the last quarter. Millennium Management LLC lifted its position in shares of Leonardo DRS by 152.1% during the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock worth $80,639,000 after purchasing an additional 1,071,708 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Leonardo DRS by 528.6% during the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after purchasing an additional 1,070,870 shares in the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Price Performance

Shares of NASDAQ DRS opened at $38.00 on Tuesday. The firm has a market capitalization of $10.14 billion, a P/E ratio of 31.93, a PEG ratio of 2.35 and a beta of 0.35. Leonardo DRS, Inc. has a one year low of $32.43 and a one year high of $50.59. The company’s fifty day moving average is $43.96 and its two-hundred day moving average is $44.19. 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 (NASDAQ:DRS) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The business had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Leonardo DRS, Inc. will post 1.39 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, August 13th. Leonardo DRS’s dividend payout ratio is presently 30.25%.

Analyst Ratings Changes

Several research analysts have recently issued reports on DRS shares. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group upped their price target on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.60.

Insider Activity at Leonardo DRS

In related news, CFO Michael Dippold sold 8,318 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $46.48, for a total value of $386,620.64. Following the sale, the chief financial officer owned 55,460 shares in the company, valued at $2,577,780.80. This represents a 13.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at $5,591,606.45. The trade was 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. In the last ninety days, insiders sold 57,683 shares of company stock valued at $2,650,769. 0.25% of the stock is currently owned by corporate insiders.

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.