Quantbot Technologies LP Sells 34,586 Shares of Leonardo DRS, Inc. $DRS

Key Points

• Quantbot Technologies LP reduced its holdings in Leonardo DRS by 69.4% in Q1, holding 15,237 shares valued at approximately $501,000.
• Leonardo DRS reported a net margin of 7.31% and revenue of $829 million for the quarter, with a 10.1% year-over-year increase.
• The company announced a quarterly dividend of $0.09 per share, representing a 0.9% dividend yield with a payout ratio of 38.71%.

Quantbot Technologies LP lowered its stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 69.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,237 shares of the company's stock after selling 34,586 shares during the period. Quantbot Technologies LP's holdings in Leonardo DRS were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DRS. Nuveen LLC acquired a new stake in shares of Leonardo DRS in the first quarter valued at approximately $31,254,000. Lord Abbett & CO. LLC increased its holdings in shares of Leonardo DRS by 116.3% in the first quarter. Lord Abbett & CO. LLC now owns 799,661 shares of the company's stock valued at $26,292,000 after purchasing an additional 429,922 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Leonardo DRS by 142.1% in the fourth quarter. Bank of America Corp DE now owns 522,888 shares of the company's stock valued at $16,895,000 after purchasing an additional 306,940 shares in the last quarter. Algert Global LLC increased its holdings in shares of Leonardo DRS by 580.0% in the fourth quarter. Algert Global LLC now owns 252,965 shares of the company's stock valued at $8,173,000 after purchasing an additional 215,765 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Leonardo DRS in the fourth quarter valued at approximately $5,454,000. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Trading Up 1.0%

Shares of NASDAQ DRS traded up $0.44 during midday trading on Thursday, reaching $42.47. 847,392 shares of the stock were exchanged, compared to its average volume of 1,141,221. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 2.19 and a beta of 0.65. Leonardo DRS, Inc. has a 12 month low of $26.00 and a 12 month high of $49.31. The business has a 50-day simple moving average of $44.41 and a two-hundred day simple moving average of $39.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70.

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

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 20th. Leonardo DRS's payout ratio is currently 38.71%.

Insider Activity at Leonardo DRS

In related news, COO John Baylouny sold 11,375 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total value of $468,308.75. Following the sale, the chief operating officer directly owned 125,908 shares of the company's stock, valued at approximately $5,183,632.36. The trade was a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David W. Carey sold 6,438 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $45.94, for a total transaction of $295,761.72. Following the completion of the sale, the director directly owned 23,882 shares in the company, valued at $1,097,139.08. This represents a 21.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,216 shares of company stock valued at $945,342. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Leonardo DRS from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Canaccord Genuity Group assumed coverage on shares of Leonardo DRS in a report on Monday, August 11th. They set a "buy" rating and a $50.00 target price for the company. Morgan Stanley lifted their target price on shares of Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. The Goldman Sachs Group assumed coverage on shares of Leonardo DRS in a report on Monday, June 30th. They set a "buy" rating and a $49.00 target price for the company. Finally, BTIG Research set a $49.00 target price on shares of Leonardo DRS and gave the stock a "buy" rating in a report on Monday, May 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Leonardo DRS currently has an average rating of "Moderate Buy" and a consensus 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.