Hsbc Holdings PLC Sells 12,935 Shares of Leonardo DRS, Inc. $DRS

Hsbc Holdings PLC lessened its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 73.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,760 shares of the company’s stock after selling 12,935 shares during the quarter. Hsbc Holdings PLC’s holdings in Leonardo DRS were worth $212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its holdings in 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 acquiring an additional 845 shares during the period. Leonteq Securities AG acquired a new position in shares of Leonardo DRS during the 4th quarter worth about $34,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Leonardo DRS during the 4th quarter worth about $46,000. SBI Securities Co. Ltd. boosted its stake in Leonardo DRS by 324.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,362 shares of the company’s stock valued at $46,000 after purchasing an additional 1,041 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Leonardo DRS in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Michael Dippold sold 8,318 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $46.48, for a total transaction of $386,620.64. Following the completion of the transaction, the chief financial officer directly owned 55,460 shares of the company’s stock, valued at approximately $2,577,780.80. This trade represents a 13.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the transaction, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at $5,591,606.45. The trade was 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. In the last quarter, insiders have sold 65,364 shares of company stock worth $2,994,785. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday. Canaccord Genuity Group boosted their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. One 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 company’s stock. According to data from MarketBeat, Leonardo DRS has a consensus rating of “Moderate Buy” and an average target price of $53.60.

Leonardo DRS Trading Down 0.5%

Leonardo DRS stock opened at $45.81 on Tuesday. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $50.59. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 3.08 and a beta of 0.36. The business has a 50 day moving average price of $45.69 and a two-hundred day moving average price of $43.97. The company has a quick ratio of 1.56, a current ratio of 1.92 and a debt-to-equity ratio of 0.05.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $913.00 million for the quarter, compared to analysts’ expectations of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.Leonardo DRS’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. As a group, equities analysts forecast that Leonardo DRS, Inc. will post 1.4 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s payout ratio is 30.25%.

Leonardo DRS Company 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.