Universal Beteiligungs und Servicegesellschaft mbH Has $2.60 Million Position in Leonardo DRS, Inc. (NASDAQ:DRS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its holdings in Leonardo DRS, Inc. by 53.2%, now owning 78,973 shares worth approximately $2.6 million.
• Leonardo DRS shares recently fell by 10.3% to $43.24, with significant trading volume of over 3 million shares.
• The company announced a quarterly dividend of $0.09 per share, resulting in a projected annualized dividend of $0.36 and a yield of 0.83%.

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 53.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,973 shares of the company's stock after selling 89,828 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Leonardo DRS were worth $2,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Yorktown Management & Research Co Inc purchased a new position in shares of Leonardo DRS in the 1st quarter worth approximately $260,000. Ameriprise Financial Inc. purchased a new position in shares of Leonardo DRS in the 4th quarter worth approximately $344,000. Brevan Howard Capital Management LP purchased a new position in shares of Leonardo DRS in the 4th quarter worth approximately $503,000. Vanguard Group Inc. boosted its holdings in shares of Leonardo DRS by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company's stock worth $256,377,000 after purchasing an additional 263,002 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in 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 acquiring an additional 11,381 shares during the period. Institutional investors own 18.76% of the company's stock.

Leonardo DRS Stock Performance

DRS stock traded up $0.07 during trading on Friday, hitting $41.67. The company had a trading volume of 2,186,310 shares, compared to its average volume of 1,052,524. The firm has a market cap of $11.09 billion, a PE ratio of 44.81, a price-to-earnings-growth ratio of 2.52 and a beta of 0.63. Leonardo DRS, Inc. has a 1-year low of $22.73 and a 1-year high of $49.31. The firm has a 50-day moving average price of $45.24 and a 200-day moving average price of $38.40. 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 (NASDAQ:DRS - Get Free Report) last announced 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 11.09% 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 company earned $0.18 EPS. The company's quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 20th. Leonardo DRS's dividend payout ratio is presently 41.38%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DRS. JPMorgan Chase & Co. upped their target price on Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. BTIG Research set a $49.00 price target on Leonardo DRS and gave the company a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group started coverage on Leonardo DRS in a research note on Monday, June 30th. They issued a "buy" rating and a $49.00 target price on the stock. Truist Financial upped their target price on Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen downgraded Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $46.29.

Insiders Place Their Bets

In other news, Director David W. Carey sold 6,438 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $45.94, for a total transaction of $295,761.72. Following the transaction, the director owned 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

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.