Leonardo DRS, Inc. $DRS Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 110.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,191 shares of the company’s stock after buying an additional 17,414 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Leonardo DRS were worth $1,243,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DRS. True Wealth Design LLC grew its stake in Leonardo DRS by 122.6% during the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after purchasing an additional 298 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after buying an additional 275 shares during the period. Clearstead Advisors LLC grew its position in shares of Leonardo DRS by 564.1% during the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after buying an additional 581 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Leonardo DRS by 72.2% during the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 315 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after buying an additional 736 shares during the period. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Insider Activity

In other Leonardo DRS news, EVP Sally Wallace sold 28,960 shares of Leonardo DRS stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $46.35, for a total transaction of $1,342,296.00. Following the transaction, the executive vice president owned 58,353 shares of the company’s stock, valued at $2,704,661.55. The trade was a 33.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 7,071 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $45.38, for a total value of $320,881.98. Following the completion of the sale, the chief financial officer directly owned 63,778 shares of the company’s stock, valued at $2,894,245.64. The trade was a 9.98% decrease in their ownership of the stock. 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. In the last three months, insiders sold 64,361 shares of company stock valued at $2,944,837. Insiders own 0.34% of the company’s stock.

Leonardo DRS Price Performance

Shares of NASDAQ:DRS opened at $46.30 on Monday. The company has a market capitalization of $12.32 billion, a PE ratio of 44.95, a P/E/G ratio of 3.42 and a beta of 0.43. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. Leonardo DRS, Inc. has a twelve month low of $28.17 and a twelve month high of $49.31. The firm has a 50 day simple moving average of $42.95 and a 200-day simple moving average of $39.73.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Sunday, February 15th. The company reported $0.42 EPS for the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The firm had revenue of $1.06 billion for the quarter. On average, equities analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is 34.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DRS shares. Bank of America lifted their price target 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. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Truist Financial set a $59.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Finally, Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus target price of $51.00.

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.