Public Employees Retirement System of Ohio Invests $1.09 Million in Leonardo DRS, Inc. $DRS

Key Points

• The Public Employees Retirement System of Ohio has invested approximately $1.09 million in Leonardo DRS by acquiring 23,478 shares during the second quarter.
• Leonardo DRS reported a quarterly EPS of $0.23, exceeding analyst expectations, with revenues of $829 million, marking a 10.1% year-over-year increase.
• The company recently declared a quarterly dividend of $0.09 per share with a payout ratio of 38.71%, reflecting a dividend yield of 0.8%.

Public Employees Retirement System of Ohio acquired 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 SEC. The firm acquired 23,478 shares of the company's stock, valued at approximately $1,091,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Yorktown Management & Research Co Inc purchased a new position in shares of Leonardo DRS during the 1st quarter valued at approximately $260,000. Vanguard Group Inc. lifted its position 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 buying an additional 22,990 shares in the last quarter. Versor Investments LP lifted its position in shares of Leonardo DRS by 24.2% during the 1st quarter. Versor Investments LP now owns 51,657 shares of the company's stock valued at $1,698,000 after buying an additional 10,057 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Leonardo DRS by 172.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 17,971 shares of the company's stock valued at $591,000 after buying an additional 11,381 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP purchased a new position in shares of Leonardo DRS during the 1st quarter valued at approximately $3,882,000. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Trading Down 0.5%

Shares of DRS stock opened at $44.39 on Friday. The stock's fifty day moving average is $42.33 and its two-hundred day moving average is $41.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.11. The firm has a market capitalization of $11.81 billion, a P/E ratio of 47.73, a PEG ratio of 2.32 and a beta of 0.56. Leonardo DRS, Inc. has a fifty-two week low of $27.77 and a fifty-two week high of $49.31.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The business had revenue of $829.00 million for the quarter, compared to analyst estimates of $824.50 million. During the same quarter in the previous year, the firm earned $0.18 EPS. The company's quarterly revenue was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Research analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS's payout ratio is currently 38.71%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DRS shares. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Truist Financial increased their target price on Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of Leonardo DRS in a research report on Saturday, September 27th. Canaccord Genuity Group began coverage on Leonardo DRS in a research report on Monday, August 11th. They set a "buy" rating and a $50.00 target price on the stock. Finally, Morgan Stanley raised their price objective on Leonardo DRS from $44.00 to $47.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Leonardo DRS presently has an average rating of "Moderate Buy" and an average target price of $46.75.

Insider Transactions at Leonardo DRS

In other news, CFO Michael Dippold sold 19,360 shares of Leonardo DRS stock in a transaction on Friday, September 12th. The stock was sold at an average price of $41.65, for a total transaction of $806,344.00. Following the transaction, the chief financial officer owned 58,834 shares in the company, valued at $2,450,436.10. The trade was a 24.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Baylouny sold 11,420 shares of Leonardo DRS stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $41.78, for a total value of $477,127.60. Following the transaction, the chief operating officer owned 114,488 shares in the company, valued at approximately $4,783,308.64. This represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,558 shares of company stock worth $1,933,052 in the last quarter. Company insiders own 0.34% of the company's stock.

About Leonardo DRS

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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