Leonardo DRS, Inc. $DRS Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Leonardo DRS, Inc. by 0.8%, owning approximately 1,096,885 shares valued at $36.07 million as of the most recent reporting period.
• Leonardo DRS reported quarterly earnings of $0.23 per share, beating analysts' expectations of $0.22, with revenues of $829 million for the quarter, up 10.1% year-over-year.
• The company announced a quarterly dividend of $0.09 per share, with a yield of 0.8%, set to be paid on September 3rd to investors of record as of August 20th.

Charles Schwab Investment Management Inc. increased its position in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,096,885 shares of the company's stock after acquiring an additional 8,516 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.41% of Leonardo DRS worth $36,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Leonardo DRS by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company's stock worth $261,656,000 after acquiring an additional 22,990 shares during the last quarter. Blair William & Co. IL raised its stake in Leonardo DRS by 23.4% in the 1st quarter. Blair William & Co. IL now owns 31,406 shares of the company's stock worth $1,033,000 after acquiring an additional 5,956 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Leonardo DRS in the 1st quarter worth $785,000. LPL Financial LLC raised its stake in Leonardo DRS by 59.0% in the 1st quarter. LPL Financial LLC now owns 135,813 shares of the company's stock worth $4,466,000 after acquiring an additional 50,390 shares during the last quarter. Finally, MRP Capital Investments LLC raised its stake in Leonardo DRS by 1.9% in the 1st quarter. MRP Capital Investments LLC now owns 45,635 shares of the company's stock worth $1,500,000 after acquiring an additional 850 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company's stock.

Leonardo DRS Price Performance

Shares of NASDAQ:DRS traded up $0.15 during 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 fifty-two week low of $26.00 and a fifty-two week high of $49.31. 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 market cap of $10.96 billion, a PE ratio of 44.29, a P/E/G ratio of 2.15 and a beta of 0.65. The company has a 50-day simple moving average of $44.61 and a 200-day simple moving average of $39.08.

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 return on equity of 11.02% and a net margin of 7.31%.The firm had revenue of $829.00 million for the quarter, compared to analysts' expectations of $824.50 million. During the same period last year, the firm earned $0.18 EPS. The company's quarterly revenue was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. As a group, analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

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 dividend of $0.09 per share. The ex-dividend date is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Leonardo DRS's dividend payout ratio (DPR) is 38.71%.

Insider Activity

In other news, COO John Baylouny sold 11,375 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $41.17, for a total transaction of $468,308.75. Following the sale, the chief operating officer directly owned 125,908 shares in the company, valued at $5,183,632.36. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Salzman sold 4,403 shares of the firm's 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 sale, the director owned 11,820 shares in the company, valued at $486,629.40. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,216 shares of company stock worth $945,342 in the last ninety days. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DRS shares. Morgan Stanley raised their target price on Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Canaccord Genuity Group started coverage on Leonardo DRS in a research note on Monday, August 11th. They issued a "buy" rating and a $50.00 target price for the company. BTIG Research set a $49.00 target price on Leonardo DRS and gave the stock a "buy" rating in a research note 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 research report on Monday, June 16th. Finally, Truist Financial increased 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. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.

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.