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. acquired a new stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,438 shares of the company's stock, valued at approximately $1,099,000.

A number of other institutional investors have also recently bought and sold shares of the business. Hsbc Holdings PLC grew its stake in shares of Leonardo DRS by 4.0% during the first quarter. Hsbc Holdings PLC now owns 9,191 shares of the company's stock worth $298,000 after purchasing an additional 357 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Leonardo DRS by 92.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company's stock worth $42,000 after buying an additional 611 shares during the period. MRP Capital Investments LLC grew its position in shares of Leonardo DRS by 1.9% during the 1st quarter. MRP Capital Investments LLC now owns 45,635 shares of the company's stock worth $1,500,000 after buying an additional 850 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Leonardo DRS by 5.0% in the 4th quarter. Rafferty Asset Management LLC now owns 18,952 shares of the company's stock valued at $612,000 after acquiring an additional 900 shares during the last quarter. Finally, Boston Partners boosted its stake in Leonardo DRS by 3.1% during the 1st quarter. Boston Partners now owns 38,735 shares of the company's stock worth $1,274,000 after acquiring an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DRS. Wall Street Zen cut shares of Leonardo DRS from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Canaccord Genuity Group began coverage on Leonardo DRS in a research note on Monday, August 11th. They set a "buy" rating and a $50.00 price objective on the stock. 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. JPMorgan Chase & Co. increased their price target on Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Finally, Morgan Stanley raised their price target on Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.75.

Leonardo DRS Stock Up 1.0%

DRS stock traded up $0.44 during trading hours on Thursday, reaching $42.47. 847,392 shares of the stock were exchanged, compared to its average volume of 1,141,221. The firm's 50-day moving average is $44.41 and its 200-day moving average is $39.25. Leonardo DRS, Inc. has a 12 month low of $26.00 and a 12 month high of $49.31. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 2.19 and a beta of 0.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $829.00 million for the quarter, compared to analyst estimates of $824.50 million. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. On average, equities research analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, August 20th. This represents a $0.36 annualized dividend and a yield of 0.8%. Leonardo DRS's dividend payout ratio is presently 38.71%.

Insider Activity at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 11,375 shares of Leonardo DRS stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total value of $468,308.75. Following the sale, the chief operating officer directly owned 125,908 shares in the company, valued at approximately $5,183,632.36. The trade was a 8.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Salzman sold 4,403 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $41.17, for a total transaction of $181,271.51. Following the transaction, the director owned 11,820 shares of the company's stock, valued at approximately $486,629.40. This represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,216 shares of company stock valued at $945,342. Corporate insiders own 0.34% of the company's stock.

Leonardo DRS 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.