50,000 Shares in Leonardo DRS, Inc. $DRS Bought by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. has acquired 50,000 shares in Leonardo DRS, valued at approximately $1,644,000, during the first quarter.
• Leonardo DRS reported a positive earnings surprise, with $0.23 earnings per share, beating analysts' expectations of $0.22, along with a 10.1% increase in quarterly revenue compared to the previous year.
• Equities analysts have varied ratings on Leonardo DRS, with six ratings classified as Buy and two as Hold, leading to a consensus rating of "Moderate Buy" and an average price target of $46.75.

Banco BTG Pactual S.A. bought a new position in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 50,000 shares of the company's stock, valued at approximately $1,644,000.

Other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in Leonardo DRS by 92.3% in 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. JTC Employer Solutions Trustee Ltd purchased a new stake in Leonardo DRS in the 1st quarter worth $46,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Leonardo DRS in the 1st quarter worth $50,000. Virtus Fund Advisers LLC purchased a new stake in Leonardo DRS in the 4th quarter worth $116,000. Finally, CWM LLC lifted 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. Institutional investors own 18.76% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen cut shares of Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley boosted their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Truist Financial increased their price objective on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, BTIG Research set a $49.00 price objective on shares of Leonardo DRS and gave the stock a "buy" rating in a research report on Monday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.75.

Insiders Place Their Bets

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

Leonardo DRS Stock Up 0.4%

Shares of NASDAQ DRS traded up $0.15 during midday trading on Friday, reaching $41.19. 938,889 shares of the company's stock traded hands, compared to its average volume of 1,292,916. Leonardo DRS, Inc. has a one year low of $26.00 and a one year high of $49.31. The stock's 50 day simple moving average is $44.61 and its 200-day simple moving average is $39.08. 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 company has a market cap of $10.96 billion, a price-to-earnings ratio of 44.29, a P/E/G ratio of 2.15 and a beta of 0.65.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its 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. 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 quarter in the prior year, the company posted $0.18 earnings per share. Leonardo DRS's revenue for the quarter was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. On average, 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 will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Leonardo DRS's dividend payout ratio is presently 38.71%.

About Leonardo DRS

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.