Headlands Technologies LLC Makes New $827,000 Investment in Leonardo DRS, Inc. $DRS

Headlands Technologies LLC bought a new position in Leonardo DRS, Inc. (NASDAQ:DRS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,380 shares of the company’s stock, valued at approximately $827,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DRS. Susquehanna Fundamental Investments LLC boosted its holdings in Leonardo DRS by 95.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 140,080 shares of the company’s stock worth $5,977,000 after purchasing an additional 68,237 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Leonardo DRS during the 2nd quarter worth approximately $873,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Leonardo DRS by 5.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 199,966 shares of the company’s stock worth $8,533,000 after buying an additional 9,854 shares in the last quarter. Ruggaard & Associates LLC bought a new position in shares of Leonardo DRS in the second quarter valued at approximately $213,000. Finally, Equitable Holdings Inc. bought a new position in shares of Leonardo DRS in the second quarter valued at approximately $337,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, CEO John Baylouny sold 36,471 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the sale, the chief executive officer owned 122,435 shares of the company’s stock, valued at $5,591,606.45. The trade was a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 8,318 shares of the stock in a transaction 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 approximately $2,577,780.80. This represents a 13.04% 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. Over the last 90 days, insiders have sold 53,818 shares of company stock valued at $2,469,616. 0.25% of the stock is owned by corporate insiders.

Leonardo DRS Stock Down 0.8%

DRS stock opened at $37.70 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.31 and a beta of 0.35. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.59. The stock has a fifty day moving average of $43.80 and a 200-day moving average of $44.19.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data 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. The business had revenue of $913.00 million for the quarter, compared to analysts’ expectations of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. As a group, equities research analysts predict that Leonardo DRS, Inc. will post 1.39 earnings per share for the current year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. Leonardo DRS’s payout ratio is 30.25%.

Wall Street Analysts Forecast Growth

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