Meitav Investment House Ltd. Trims Stock Position in Leonardo DRS, Inc. $DRS

Meitav Investment House Ltd. cut its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 79.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,876 shares of the company’s stock after selling 41,248 shares during the quarter. Meitav Investment House Ltd.’s holdings in Leonardo DRS were worth $484,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Bank of Montreal Can lifted its stake in Leonardo DRS by 1.6% in the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after buying an additional 309 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Leonardo DRS by 4.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after acquiring an additional 322 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Leonardo DRS by 17.0% in the second quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after acquiring an additional 347 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Leonardo DRS by 3.3% in the fourth quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock valued at $415,000 after acquiring an additional 389 shares in the last quarter. Finally, Penn Capital Management Company LLC boosted its stake in shares of Leonardo DRS by 0.9% during the third quarter. Penn Capital Management Company LLC now owns 45,880 shares of the company’s stock valued at $2,115,000 after acquiring an additional 406 shares during the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Leonardo DRS news, EVP Jason Rinsky sold 3,865 shares of Leonardo DRS stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total value of $181,152.55. Following the transaction, the executive vice president owned 31,310 shares in the company, valued at $1,467,499.70. This trade represents a 10.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the sale, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at $5,591,606.45. This represents a 22.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 61,499 shares of company stock valued at $2,819,430 in the last ninety days. 0.25% of the stock is owned by company insiders.

Leonardo DRS Stock Performance

Leonardo DRS stock opened at $45.47 on Wednesday. The stock has a fifty day moving average price of $44.39 and a 200 day moving average price of $42.68. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The firm has a market capitalization of $12.13 billion, a P/E ratio of 42.50, a PEG ratio of 3.27 and a beta of 0.36. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05.

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

Leonardo DRS Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings cut shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Bank of America lifted their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Canaccord Genuity Group upped their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One research 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. Based on data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus price target of $53.75.

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.