TD Asset Management Inc Sells 27,286 Shares of Leonardo DRS, Inc. $DRS

Key Points

• TD Asset Management Inc. cut its stake in Leonardo DRS by 64.2% in Q3, selling 27,286 shares and leaving 15,222 shares worth about $691,000.
• Leonardo DRS beat quarterly estimates with $0.42 EPS vs. $0.37 expected and $1.06B revenue vs. $994.8M est., set FY2026 guidance of $1.200–$1.260 EPS, and carries a consensus "Moderate Buy" with an average target of $50.33.
• Company insiders sold a total of 23,888 shares over the past three months (including sales by the SVP and CFO), and the firm announced a $0.09 quarterly dividend (annualized $0.36, yield 0.8%, ex-dividend March 10).

TD Asset Management Inc lowered its holdings in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 64.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,222 shares of the company's stock after selling 27,286 shares during the period. TD Asset Management Inc's holdings in Leonardo DRS were worth $691,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Leonardo DRS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company's stock worth $1,441,000 after purchasing an additional 1,922 shares in the last quarter. Millennium Management LLC increased its position in shares of Leonardo DRS by 29.0% in the first quarter. Millennium Management LLC now owns 369,749 shares of the company's stock worth $12,157,000 after purchasing an additional 83,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Leonardo DRS by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company's stock valued at $4,882,000 after purchasing an additional 12,712 shares in the last quarter. Intech Investment Management LLC lifted its position in Leonardo DRS by 18.6% during the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company's stock valued at $1,597,000 after purchasing an additional 7,625 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Leonardo DRS during the first quarter valued at approximately $225,000. Institutional investors own 18.76% of the company's stock.

Analyst Ratings Changes

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

Leonardo DRS Trading Up 1.7%

NASDAQ DRS opened at $46.58 on Friday. The firm has a market cap of $12.39 billion, a PE ratio of 45.22, a price-to-earnings-growth ratio of 2.28 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 stock has a 50-day moving average of $40.33 and a 200-day moving average of $39.19. The company has a current ratio of 1.89, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12.

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

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS's dividend payout ratio (DPR) is currently 34.95%.

Insider Buying and Selling

In other Leonardo DRS news, SVP Pamela Morrow sold 12,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total transaction of $542,400.00. Following the completion of the sale, the senior vice president owned 6,494 shares of the company's stock, valued at $293,528.80. This represents a 64.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael Dippold sold 10,588 shares of the firm's stock in a transaction on Monday, January 5th. The stock was sold at an average price of $37.00, for a total transaction of $391,756.00. Following the completion of the sale, the chief financial officer directly owned 42,952 shares in the company, valued at approximately $1,589,224. This trade represents a 19.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,888 shares of company stock valued at $979,877 over the last three months. 0.34% of the stock is owned by company insiders.

Leonardo DRS 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.

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