Magnetar Financial LLC Makes New $1.36 Million Investment in Leonardo DRS, Inc. $DRS

Key Points

• Magnetar Financial bought a new stake in Leonardo DRS of 29,997 shares (about $1.36 million) in Q3, with institutional investors owning roughly 18.8% of the stock.
• Leonardo DRS beat quarterly estimates with $0.42 EPS vs. $0.37 expected and $1.06 billion in revenue (up 8.1% YoY), and set FY2026 guidance at 1.200–1.260 EPS.
• Insiders sold 23,888 shares (~$979,877) last quarter, including SVP Pamela Morrow's 12,000-share sale, and the company declared a quarterly dividend of $0.09 (annualized $0.36, ~0.8% yield).

Magnetar Financial LLC bought a new stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,997 shares of the company's stock, valued at approximately $1,362,000.

Several other large investors also recently modified their holdings of the business. True Wealth Design LLC increased its stake in Leonardo DRS by 122.6% during the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company's stock worth $25,000 after purchasing an additional 298 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Leonardo DRS by 91.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company's stock valued at $27,000 after buying an additional 275 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company's stock valued at $31,000 after buying an additional 581 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Leonardo DRS by 72.2% in the third quarter. GAMMA Investing LLC now owns 751 shares of the company's stock valued at $34,000 after buying an additional 315 shares during the period. Finally, UMB Bank n.a. bought a new stake in shares of Leonardo DRS during the third quarter worth $45,000. 18.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Pamela Morrow sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total transaction of $542,400.00. Following the completion of the transaction, the senior vice president directly owned 6,494 shares of the company's stock, valued at approximately $293,528.80. This represents a 64.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sally Wallace sold 1,300 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $35.17, for a total value of $45,721.00. Following the transaction, the executive vice president directly owned 58,353 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 23,888 shares of company stock worth $979,877. Corporate insiders own 0.34% of the company's stock.

Leonardo DRS Stock Down 0.5%

Leonardo DRS stock opened at $45.91 on Friday. The company has a market cap of $12.21 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.41. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The company has a fifty day simple moving average of $41.32 and a 200 day simple moving average of $39.34. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $994.79 million. During the same period in the previous year, the firm posted $0.38 EPS. The company's revenue for the quarter was up 8.1% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. Research analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given 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 dividend yield of 0.8%. Leonardo DRS's payout ratio is currently 34.95%.

Analysts Set New Price Targets

DRS has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Leonardo DRS from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 5th. Truist Financial set a $59.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Wall Street Zen downgraded Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, Morgan Stanley set a $47.00 price target on Leonardo DRS in a report on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.