Aubrey Capital Management Ltd acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,600 shares of the company's stock, valued at approximately $1,989,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP grew its stake in shares of Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company's stock worth $29,000 after acquiring an additional 845 shares in the last quarter. Global Retirement Partners LLC bought a new position in Leonardo DRS during the second quarter valued at $31,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Leonardo DRS during the 2nd quarter valued at $32,000. Leonteq Securities AG bought a new position in shares of Leonardo DRS during the 4th quarter worth $34,000. Finally, Fifth Third Bancorp purchased a new stake in Leonardo DRS in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 18.76% of the company's stock.
Insider Activity at Leonardo DRS
In related news, EVP Sally Wallace sold 1,300 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total value of $65,000.00. Following the completion of the transaction, the executive vice president directly owned 57,053 shares in the company, valued at approximately $2,852,650. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Rinsky sold 3,865 shares of the company's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.87, for a total transaction of $181,152.55. Following the completion of the transaction, the executive vice president owned 31,310 shares of the company's stock, valued at $1,467,499.70. This trade represents a 10.99% 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. Insiders sold 57,683 shares of company stock worth $2,650,769 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.
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 P/E/G ratio of 2.35 and a beta of 0.35. The company has a quick ratio of 1.56, a current ratio of 1.92 and a debt-to-equity ratio of 0.05. The stock's 50-day simple moving average is $43.96 and its two-hundred day simple moving average is $44.19. Leonardo DRS, Inc. has a twelve month low of $32.43 and a twelve month high of $50.59.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm 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 company's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. As a group, equities analysts anticipate that Leonardo DRS, Inc. will post 1.39 EPS for the current fiscal year.
Leonardo DRS Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Leonardo DRS's dividend payout ratio is presently 30.25%.
Analysts Set New Price Targets
DRS has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Leonardo DRS from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Canaccord Genuity Group lifted their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded Leonardo DRS from a "hold" rating to a "buy" rating in a research report on Sunday, May 10th. One equities research 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 stock. Based on data from MarketBeat, Leonardo DRS has a consensus rating of "Moderate Buy" and a consensus price target of $53.60.
Check Out Our Latest Stock Report on Leonardo DRS
Leonardo DRS Company Profile
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Free Report)
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.
Further Reading
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