First Trust Advisors LP Has $166.22 Million Position in Leonardo DRS, Inc. $DRS

Key Points

• First Trust Advisors LP boosted its stake in Leonardo DRS by 116.8% in Q3 to 3,661,214 shares—about 1.38% of the company—valued at $166.22 million.
• Leonardo DRS beat expectations in the latest quarter with EPS of $0.42 (vs. $0.37 est.) and revenue of $1.06B (+8.1% YoY), and set FY2026 guidance of $1.20–$1.26 EPS (analysts forecast ~1.04 for the current year).
• The firm declared a quarterly dividend of $0.09 (annualized $0.36, ~0.8% yield), and Wall Street sentiment is mixed—four Buy and four Hold ratings with a consensus price target of $50.33.

First Trust Advisors LP boosted its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 116.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,661,214 shares of the company's stock after acquiring an additional 1,972,596 shares during the quarter. First Trust Advisors LP owned approximately 1.38% of Leonardo DRS worth $166,219,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Barclays PLC grew its position in Leonardo DRS by 76.4% in the third quarter. Barclays PLC now owns 128,147 shares of the company's stock worth $5,818,000 after acquiring an additional 55,498 shares in the last quarter. JT Stratford LLC lifted its stake in shares of Leonardo DRS by 6.6% in the 3rd quarter. JT Stratford LLC now owns 25,928 shares of the company's stock valued at $1,177,000 after purchasing an additional 1,598 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Leonardo DRS by 6.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,728,172 shares of the company's stock valued at $78,433,000 after purchasing an additional 108,315 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Leonardo DRS by 25.3% in the third quarter. Victory Capital Management Inc. now owns 91,530 shares of the company's stock worth $4,155,000 after purchasing an additional 18,467 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Leonardo DRS in the third quarter worth $271,000. 18.76% of the stock is owned by institutional investors.

Leonardo DRS Stock Up 1.7%

Leonardo DRS stock opened at $46.58 on Friday. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 45.22, a P/E/G ratio of 2.32 and a beta of 0.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.63. Leonardo DRS, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $49.31. The firm has a fifty day moving average price of $40.33 and a two-hundred day moving average price of $39.18.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $994.79 million. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.The firm's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts forecast 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 Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS's dividend payout ratio (DPR) is 34.95%.

Wall Street Analysts Forecast Growth

DRS has been the topic of several recent research reports. Morgan Stanley set a $47.00 target price on Leonardo DRS in a report on Wednesday, February 25th. Weiss Ratings lowered Leonardo DRS from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday. Wall Street Zen downgraded Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, Truist Financial set a $59.00 target price on Leonardo DRS in a report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $50.33.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, CFO Michael Dippold sold 10,588 shares of Leonardo DRS stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $37.00, for a total value of $391,756.00. Following the transaction, the chief financial officer directly owned 42,952 shares of the company's stock, valued at $1,589,224. The trade was a 19.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Sally Wallace sold 1,300 shares of the company's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $35.17, for a total value of $45,721.00. Following the transaction, the executive vice president owned 58,353 shares of the company's stock, valued at approximately $2,052,275.01. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,888 shares of company stock valued at $979,877 in the last 90 days. 0.34% of the stock is currently owned by insiders.

Leonardo DRS Company Profile

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.

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