Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock 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 cut its stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 53.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,973 shares of the company's stock after selling 89,828 shares during the period. 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 institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in Leonardo DRS by 92.3% during the first 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 period. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Leonardo DRS during the 1st quarter worth approximately $46,000. Virtus Fund Advisers LLC acquired a new stake in Leonardo DRS in the 4th quarter valued at approximately $116,000. CWM LLC raised its position in Leonardo DRS by 147.1% in the first quarter. CWM LLC now owns 5,518 shares of the company's stock valued at $181,000 after purchasing an additional 3,285 shares during the period. Finally, Csenge Advisory Group acquired a new position in Leonardo DRS during the first quarter worth $222,000. Hedge funds and other institutional investors own 18.76% of the company's stock.

Insider Transactions at Leonardo DRS

In other news, Director David W. Carey sold 6,438 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $45.94, for a total value of $295,761.72. Following the completion of the sale, the director directly owned 23,882 shares of the company's stock, valued at approximately $1,097,139.08. This represents a 21.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

Leonardo DRS Stock Up 0.2%

Shares of NASDAQ:DRS traded up $0.07 during trading on Friday, hitting $41.67. 2,186,310 shares of the company were exchanged, compared to its average volume of 1,273,598. The firm's 50 day moving average price is $45.25 and its 200-day moving average price is $38.45. Leonardo DRS, Inc. has a 12-month low of $22.73 and a 12-month high of $49.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.64. The stock has a market capitalization of $11.09 billion, a P/E ratio of 44.81, a PEG ratio of 2.38 and a beta of 0.63.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The company had revenue of $829.00 million during the quarter, compared to the consensus estimate of $824.50 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Leonardo DRS's revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The firm 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 dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 20th. Leonardo DRS's dividend payout ratio (DPR) is presently 38.71%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DRS. The Goldman Sachs Group began coverage on Leonardo DRS in a report on Monday, June 30th. They issued a "buy" rating and a $49.00 price objective on the stock. Morgan Stanley raised their price objective 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. 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 price target on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, BTIG Research set a $49.00 price objective on Leonardo DRS and gave the company a "buy" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Leonardo DRS presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.29.

About Leonardo DRS

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.