Capital Fund Management S.A. Invests $1.10 Million in Leonardo DRS, Inc. $DRS

Key Points

• Capital Fund Management S.A. acquired 33,438 shares of Leonardo DRS, Inc. for approximately $1,099,000 during the first quarter, highlighting increased institutional interest in the company.
• The company reported a quarterly earnings of $0.23 per share, beating expectations, with revenues of $829 million, a 10.1% increase year-over-year.
• Leonardo DRS declared a quarterly dividend of $0.09 per share, representing an annualized yield of 0.9%, with a payout ratio of 38.71%.

Capital Fund Management S.A. bought a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 33,438 shares of the company's stock, valued at approximately $1,099,000.

A number of other large investors have also modified their holdings of DRS. Nisa Investment Advisors LLC grew its stake in shares of Leonardo DRS by 92.3% during the first quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company's stock worth $42,000 after acquiring an additional 611 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in Leonardo DRS in the 1st quarter worth approximately $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Leonardo DRS in the 1st quarter worth approximately $50,000. Virtus Fund Advisers LLC acquired a new stake in Leonardo DRS in the 4th quarter worth approximately $116,000. Finally, CWM LLC boosted its stake in Leonardo DRS by 147.1% in the 1st quarter. CWM LLC now owns 5,518 shares of the company's stock worth $181,000 after purchasing an additional 3,285 shares in the last quarter. 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, Director Eric Salzman sold 4,403 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total value of $181,271.51. Following the completion of the sale, the director owned 11,820 shares in the company, valued at approximately $486,629.40. This represents a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Baylouny sold 11,375 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total transaction of $468,308.75. Following the completion of the sale, the chief operating officer owned 125,908 shares of the company's stock, valued at approximately $5,183,632.36. The trade was a 8.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,216 shares of company stock worth $945,342. Insiders own 0.12% of the company's stock.

Analyst Ratings Changes

DRS has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Wall Street Zen cut Leonardo DRS from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Truist Financial lifted their price target on Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, BTIG Research set a $49.00 target price on Leonardo DRS and gave the stock a "buy" rating in a report on Monday, May 5th. Six research analysts have rated the stock with a Buy rating and two have issued 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 a consensus price target of $46.75.

Leonardo DRS Price Performance

Shares of DRS stock traded down $0.81 during trading hours on Friday, hitting $41.66. 910,075 shares of the company's stock were exchanged, compared to its average volume of 1,003,371. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $44.36 and a two-hundred day moving average of $39.39. The firm has a market cap of $11.09 billion, a P/E ratio of 44.80, a P/E/G ratio of 2.17 and a beta of 0.63. Leonardo DRS, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $49.31.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The company had revenue of $829.00 million during the quarter, compared to analysts' expectations of $824.50 million. During the same period in the prior year, the business posted $0.18 earnings per share. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Sell-side analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 20th. Leonardo DRS's dividend payout ratio is 38.71%.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.