WJ Wealth Management LLC Takes Position in Leonardo DRS, Inc. $DRS

Key Points

• WJ Wealth Management LLC acquired 28,046 shares of Leonardo DRS, Inc. valued at approximately $1.3 million, signaling increasing institutional interest in the company.
• Leonardo DRS reported a quarterly earnings per share (EPS) of $0.23, surpassing analyst expectations, while its revenue grew by 10.1% year-over-year to $829 million.
• The company recently declared a quarterly dividend of $0.09 per share, reflecting a 0.9% dividend yield and a dividend payout ratio of 38.71%.

WJ Wealth Management LLC purchased a new position in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,046 shares of the company's stock, valued at approximately $1,304,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DRS. GAMMA Investing LLC grew its stake in Leonardo DRS by 5,230.3% in the first quarter. GAMMA Investing LLC now owns 10,554 shares of the company's stock worth $321,000 after purchasing an additional 10,356 shares during the period. SG Americas Securities LLC grew its stake in Leonardo DRS by 55.0% in the first quarter. SG Americas Securities LLC now owns 34,714 shares of the company's stock worth $1,141,000 after purchasing an additional 12,317 shares during the period. Illumine Investment Management LLC grew its stake in Leonardo DRS by 3.2% in the first quarter. Illumine Investment Management LLC now owns 56,982 shares of the company's stock worth $1,874,000 after purchasing an additional 1,773 shares during the period. Yorktown Management & Research Co Inc purchased a new stake in Leonardo DRS in the first quarter worth $260,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Leonardo DRS by 172.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 17,971 shares of the company's stock worth $591,000 after purchasing an additional 11,381 shares during the period. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Stock Performance

Shares of DRS opened at $40.19 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $42.38 and a two-hundred day simple moving average of $41.88. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 2.29 and a beta of 0.56. Leonardo DRS, Inc. has a 52 week low of $27.87 and a 52 week high of $49.31.

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

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Leonardo DRS's dividend payout ratio (DPR) is currently 38.71%.

Insider Buying and Selling

In related news, COO John Baylouny sold 11,420 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $41.78, for a total transaction of $477,127.60. Following the completion of the sale, the chief operating officer owned 114,488 shares in the company, valued at approximately $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Dippold sold 19,360 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $41.65, for a total value of $806,344.00. Following the sale, the chief financial officer owned 58,834 shares of the company's stock, valued at $2,450,436.10. This represents a 24.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,558 shares of company stock worth $1,933,052. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on DRS. The Goldman Sachs Group began coverage on Leonardo DRS in a research note on Monday, June 30th. They issued a "buy" rating and a $49.00 price target on the stock. Wall Street Zen downgraded Leonardo DRS from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Canaccord Genuity Group started coverage on Leonardo DRS in a report on Monday, August 11th. They set a "buy" rating and a $50.00 price target on the stock. Morgan Stanley upped their price objective on Leonardo DRS from $44.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Truist Financial upped their price objective on Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.75.

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.

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