Strs Ohio Buys Shares of 27,000 Leonardo DRS, Inc. $DRS

Strs Ohio bought a new stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,000 shares of the company's stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its stake in shares of Leonardo DRS by 92.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company's stock worth $42,000 after buying an additional 611 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Leonardo DRS during the 1st quarter worth $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Leonardo DRS during the 1st quarter worth $50,000. Twin Tree Management LP acquired a new position in shares of Leonardo DRS during the 1st quarter worth $58,000. Finally, CWM LLC raised its stake in shares of Leonardo DRS by 147.1% during the 1st quarter. CWM LLC now owns 5,518 shares of the company's stock worth $181,000 after buying an additional 3,285 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.

Insider Buying and Selling

In related news, Director Eric Salzman sold 4,403 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $41.17, for a total transaction of $181,271.51. Following the completion of the transaction, the director directly owned 11,820 shares in the company, valued at $486,629.40. This represents a 27.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Baylouny sold 11,420 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the transaction, the chief operating officer directly owned 114,488 shares in the company, valued at $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,558 shares of company stock worth $1,933,052 in the last three months. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on DRS shares. The Goldman Sachs Group started coverage on shares of Leonardo DRS in a research note on Monday, June 30th. They issued a "buy" rating and a $49.00 target price for the company. Morgan Stanley boosted their target price on shares of Leonardo DRS from $44.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Truist Financial boosted their target price on shares of Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Leonardo DRS currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Leonardo DRS Stock Up 2.5%

NASDAQ DRS opened at $42.58 on Friday. The stock has a market cap of $11.33 billion, a PE ratio of 45.78, a P/E/G ratio of 2.17 and a beta of 0.63. Leonardo DRS, Inc. has a fifty-two week low of $26.75 and a fifty-two week high of $49.31. The business has a 50 day moving average price of $43.23 and a two-hundred day moving average price of $40.40. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13.

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

Leonardo DRS Announces Dividend

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

Leonardo DRS Company 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.

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