Leonardo DRS, Inc. (NASDAQ:DRS) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 55.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,714 shares of the company's stock after acquiring an additional 12,317 shares during the period. SG Americas Securities LLC's holdings in Leonardo DRS were worth $1,141,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DRS. Rhumbline Advisers increased its holdings in shares of Leonardo DRS by 1.8% during the 4th quarter. Rhumbline Advisers now owns 96,918 shares of the company's stock worth $3,131,000 after buying an additional 1,759 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Leonardo DRS by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 8,060 shares of the company's stock worth $260,000 after buying an additional 405 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Leonardo DRS by 5.4% during the 4th quarter. New York State Common Retirement Fund now owns 26,335 shares of the company's stock worth $851,000 after buying an additional 1,356 shares during the last quarter. Meitav Investment House Ltd. increased its holdings in shares of Leonardo DRS by 19.0% during the 4th quarter. Meitav Investment House Ltd. now owns 12,940 shares of the company's stock worth $418,000 after buying an additional 2,064 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Leonardo DRS by 37.0% during the 4th quarter. IFP Advisors Inc now owns 1,944 shares of the company's stock worth $63,000 after buying an additional 525 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BTIG Research set a $49.00 price target on shares of Leonardo DRS and gave the stock a "buy" rating in a report on Monday, May 5th. Bank of America upgraded shares of Leonardo DRS from a "neutral" rating to a "buy" rating and set a $40.00 price target for the company in a report on Friday, March 7th. Truist Financial raised their price target on shares of Leonardo DRS from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, Morgan Stanley increased their price objective on shares of Leonardo DRS from $34.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.50.

Insider Transactions at Leonardo DRS

In other news, COO John Baylouny sold 3,529 shares of Leonardo DRS stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $31.96, for a total transaction of $112,786.84. Following the completion of the sale, the chief operating officer now directly owns 137,283 shares of the company's stock, valued at approximately $4,387,564.68. The trade was a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David W. Carey sold 6,438 shares of Leonardo DRS stock in a transaction on Friday, June 13th. The stock was sold at an average price of $45.94, for a total transaction of $295,761.72. Following the sale, the director now directly owns 23,882 shares of the company's stock, valued at approximately $1,097,139.08. This trade represents a 21.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company's stock.

Leonardo DRS Stock Down 0.5%

DRS stock traded down $0.24 during midday trading on Friday, hitting $44.00. The company's stock had a trading volume of 2,301,492 shares, compared to its average volume of 752,862. The company has a quick ratio of 1.64, a current ratio of 2.02 and a debt-to-equity ratio of 0.13. Leonardo DRS, Inc. has a 52-week low of $22.73 and a 52-week high of $46.96. The firm has a market capitalization of $11.71 billion, a P/E ratio of 50.58, a PEG ratio of 2.55 and a beta of 0.63. The firm has a 50-day simple moving average of $40.99 and a 200-day simple moving average of $35.83.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Leonardo DRS had a net margin of 7.00% and a return on equity of 10.63%. The company had revenue of $799.00 million during the quarter, compared to analysts' expectations of $736.72 million. During the same quarter last year, the company posted $0.14 EPS. The firm's revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.36 annualized dividend and a yield of 0.82%. Leonardo DRS's dividend payout ratio is presently 41.38%.

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.