Counterpoint Mutual Funds LLC Acquires Shares of 60,090 Leonardo DRS, Inc. $DRS

Key Points

• Counterpoint Mutual Funds LLC acquired 60,090 shares of Leonardo DRS, Inc. valued at approximately $2.79 million, making it the firm's 7th largest position.
• Insider sales included COO John Baylouny selling 11,420 shares and CFO Michael Dippold selling 19,360 shares, indicating a notable decrease in their stock ownership by 9.07% and 24.76%, respectively.
• The company announced a quarterly dividend of $0.09 per share, representing an annual yield of 0.8%, with a dividend payout ratio of 38.71%.

Counterpoint Mutual Funds LLC 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 Form 13F filing with the SEC. The institutional investor acquired 60,090 shares of the company's stock, valued at approximately $2,793,000. Leonardo DRS comprises about 0.2% of Counterpoint Mutual Funds LLC's investment portfolio, making the stock its 7th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Leonardo DRS by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company's stock valued at $261,656,000 after purchasing an additional 22,990 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Leonardo DRS by 16.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,848,473 shares of the company's stock valued at $192,298,000 after acquiring an additional 804,938 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Leonardo DRS by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,096,885 shares of the company's stock valued at $36,066,000 after acquiring an additional 8,516 shares during the last quarter. Nuveen LLC bought a new position in shares of Leonardo DRS in the 1st quarter valued at about $31,254,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Leonardo DRS by 1.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 894,122 shares of the company's stock valued at $29,399,000 after acquiring an additional 13,911 shares during the last quarter. Institutional investors own 18.76% of the company's stock.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 11,420 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the completion of the sale, the chief operating officer directly owned 114,488 shares in the company, valued at $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Dippold sold 19,360 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the completion of the sale, the chief financial officer owned 58,834 shares of the company's stock, valued at approximately $2,450,436.10. This trade represents a 24.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,558 shares of company stock worth $1,933,052 over the last three months. Corporate insiders own 0.12% of the company's stock.

Leonardo DRS Stock Performance

Shares of DRS stock opened at $42.88 on Tuesday. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 46.11, a PEG ratio of 2.16 and a beta of 0.63. The company's 50 day moving average is $43.00 and its 200 day moving average is $40.71. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. Leonardo DRS, Inc. has a 52-week low of $26.75 and a 52-week high of $49.31.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.31% and a return on equity of 11.02%. Leonardo DRS's revenue was up 10.1% compared to the same quarter last year. During the same period last 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, sell-side analysts anticipate 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 was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS's dividend payout ratio (DPR) is 38.71%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley increased their price target on shares of Leonardo DRS from $44.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, June 16th. The Goldman Sachs Group assumed coverage on shares of Leonardo DRS in a report on Monday, June 30th. They issued a "buy" rating and a $49.00 price target for the company. Truist Financial increased their price target on shares of Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Leonardo DRS from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

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