Leonardo DRS, Inc. $DRS Shares Sold by Madison Asset Management LLC

Madison Asset Management LLC decreased its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 14.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,036 shares of the company’s stock after selling 15,502 shares during the period. Madison Asset Management LLC’s holdings in Leonardo DRS were worth $4,008,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DRS. Parallel Advisors LLC grew its stake in shares of Leonardo DRS by 1,701.4% during the 1st quarter. Parallel Advisors LLC now owns 1,261 shares of the company’s stock valued at $56,000 after buying an additional 1,191 shares during the period. Bank of New York Mellon Corp raised its position in shares of Leonardo DRS by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 517,166 shares of the company’s stock worth $23,024,000 after buying an additional 15,349 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Leonardo DRS by 38.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 49,735 shares of the company’s stock worth $2,214,000 after buying an additional 13,921 shares during the period. Chicago Partners Investment Group LLC acquired a new position in Leonardo DRS in the first quarter valued at $220,000. Finally, Kaizen Financial Strategies acquired a new position in Leonardo DRS in the first quarter valued at $288,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Transactions at Leonardo DRS

In other news, CFO Michael Dippold sold 8,318 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.48, for a total value of $386,620.64. Following the completion of the transaction, the chief financial officer directly owned 55,460 shares in the company, valued at approximately $2,577,780.80. This represents a 13.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Rinsky sold 3,865 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55. Following the completion of the transaction, the executive vice president owned 31,310 shares of the company’s stock, valued at $1,467,499.70. This trade represents a 10.99% 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 65,364 shares of company stock worth $2,994,785 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

Leonardo DRS Stock Up 2.4%

Shares of NASDAQ DRS opened at $45.46 on Wednesday. The stock has a fifty day moving average price of $45.04 and a 200 day moving average price of $43.39. 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, Inc. has a 12-month low of $32.43 and a 12-month high of $50.59. The company has a market cap of $12.13 billion, a P/E ratio of 42.49, a P/E/G ratio of 3.20 and a beta of 0.36.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, topping 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 the consensus estimate of $825.05 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Research analysts anticipate that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders 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 dividend payout ratio is currently 33.64%.

Analyst Upgrades and Downgrades

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