SG Americas Securities LLC Sells 126,732 Shares of Leonardo DRS, Inc. $DRS

SG Americas Securities LLC decreased its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 66.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 62,687 shares of the company’s stock after selling 126,732 shares during the period. SG Americas Securities LLC’s holdings in Leonardo DRS were worth $2,791,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP increased its position in shares of Leonardo DRS by 7,041.7% during the fourth quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after buying an additional 845 shares during the period. Clearstead Advisors LLC boosted its position in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after acquiring an additional 581 shares during the period. Leonteq Securities AG purchased a new position in Leonardo DRS during the fourth quarter valued at approximately $34,000. Allworth Financial LP grew its stake in Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock valued at $40,000 after acquiring an additional 736 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Leonardo DRS during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DRS. Bank of America raised their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Canaccord Genuity Group lifted their price objective on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Leonardo DRS has a consensus rating of “Moderate Buy” and an average target price of $53.75.

Leonardo DRS Stock Performance

Leonardo DRS stock opened at $42.67 on Wednesday. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The stock has a market cap of $11.38 billion, a P/E ratio of 39.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.34. The firm’s fifty day moving average price is $44.19 and its 200-day moving average price is $42.31.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $846.00 million during the quarter, compared to analyst estimates of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities research analysts expect that Leonardo DRS, Inc. will post 1.3 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is presently 33.64%.

Insider Transactions at Leonardo DRS

In other news, SVP Pamela Morrow sold 11,545 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total transaction of $521,025.85. Following the transaction, the senior vice president directly owned 10,551 shares in the company, valued at approximately $476,166.63. This represents a 52.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reuben Jeffery III acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of $42.77 per share, for a total transaction of $1,069,250.00. Following the completion of the acquisition, the director owned 25,000 shares in the company, valued at $1,069,250. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 97,530 shares of company stock worth $4,482,608. Company insiders own 0.25% of the company’s stock.

About Leonardo DRS

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.