Jupiter Topco LLC Acquires New Holdings in Leonardo DRS, Inc. $DRS

Key Points

• Jupiter Topco acquired 50,037 shares of Leonardo DRS worth approximately $2.14 million, while institutional investors collectively own 18.76% of the company.
• Analyst sentiment is broadly positive: Leonardo DRS has a “Moderate Buy” consensus rating and an average price target of $53.60, despite JPMorgan maintaining a neutral rating.
• Leonardo DRS exceeded quarterly expectations with EPS of $0.35 versus $0.27 expected and revenue of $913 million, up 10.1% year over year. The company also declared a $0.09 quarterly dividend, equivalent to a 1.0% annual yield.

Jupiter Topco LLC bought a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,037 shares of the company's stock, valued at approximately $2,136,000.

Several other large investors have also recently bought and sold shares of the company. Erste Asset Management GmbH raised its position in shares of Leonardo DRS by 503.6% in the fourth quarter. Erste Asset Management GmbH now owns 142,750 shares of the company's stock worth $4,872,000 after buying an additional 119,100 shares in the last quarter. Swedbank AB grew its position in Leonardo DRS by 1,026.0% during the fourth quarter. Swedbank AB now owns 96,205 shares of the company's stock worth $3,280,000 after buying an additional 87,661 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in Leonardo DRS by 24.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,020,223 shares of the company's stock worth $34,779,000 after acquiring an additional 202,758 shares during the last quarter. BlackRock Inc. bought a new position in Leonardo DRS in the 2nd quarter worth about $212,883,000. Finally, AXQ Capital LP increased its stake in Leonardo DRS by 301.6% in the 4th quarter. AXQ Capital LP now owns 44,872 shares of the company's stock worth $1,530,000 after acquiring an additional 33,699 shares during the last quarter. 18.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

DRS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Leonardo DRS from a "hold" rating to a "buy" rating in a research report on Sunday, May 10th. Finally, Weiss Ratings raised shares of Leonardo DRS from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.60.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $65,000.00. Following the transaction, the executive vice president directly owned 57,053 shares of the company's stock, valued at approximately $2,852,650. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 8,318 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $46.48, for a total transaction of $386,620.64. Following the completion of the sale, the chief financial officer owned 55,460 shares of the company's stock, valued at approximately $2,577,780.80. The trade was a 13.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 53,818 shares of company stock worth $2,469,616 in the last three months. Corporate insiders own 0.25% of the company's stock.

Leonardo DRS Stock Performance

NASDAQ DRS opened at $37.02 on Friday. 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 $43.50 and its two-hundred day simple moving average is $44.18. Leonardo DRS, Inc. has a twelve month low of $32.43 and a twelve month high of $50.59. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.25 and a beta of 0.35.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.08. The firm had revenue of $913.00 million during 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 for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. Research analysts forecast that Leonardo DRS, Inc. will post 1.39 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a $0.09 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Leonardo DRS's payout ratio is presently 30.25%.

Leonardo DRS 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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