GSA Capital Partners LLP Invests $605,000 in Leonardo DRS, Inc. $DRS

GSA Capital Partners LLP acquired a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the second quarter, HoldingsChannel reports. The firm acquired 14,190 shares of the company’s stock, valued at approximately $605,000.

Several other institutional investors have also added to or reduced their stakes in DRS. Vanguard Group Inc. lifted its holdings in shares of Leonardo DRS by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock valued at $263,091,000 after purchasing an additional 34,858 shares in the last quarter. State Street Corp grew its holdings in shares of Leonardo DRS by 4.0% during the fourth quarter. State Street Corp now owns 3,988,403 shares of the company’s stock worth $135,965,000 after buying an additional 153,697 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Leonardo DRS by 77.1% during the fourth quarter. AQR Capital Management LLC now owns 2,255,400 shares of the company’s stock worth $76,887,000 after buying an additional 981,956 shares in the last quarter. Stephens Investment Management Group LLC raised its position in Leonardo DRS by 107.6% in the 1st quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock valued at $94,308,000 after buying an additional 1,098,108 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Leonardo DRS by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,995,989 shares of the company’s stock valued at $68,043,000 after buying an additional 267,817 shares during the last quarter. 18.76% of the stock is owned by institutional investors.

Leonardo DRS Stock Performance

DRS opened at $41.00 on Friday. The business’s 50-day simple moving average is $45.02 and its 200 day simple moving average is $44.22. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $50.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. The firm has a market capitalization of $10.94 billion, a PE ratio of 34.45, a PEG ratio of 2.59 and a beta of 0.35.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The business’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts expect that Leonardo DRS, Inc. will post 1.39 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s dividend payout ratio is presently 30.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in 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. JPMorgan Chase & Co. lifted their price objective on shares of Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Canaccord Genuity Group increased their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.60.

Insiders Place Their Bets

In related news, CEO John Baylouny sold 36,471 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total value of $1,665,630.57. Following the completion of the transaction, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pamela Morrow sold 11,545 shares of the business’s stock in a transaction on 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 owned 10,551 shares in the company, valued at approximately $476,166.63. The trade was a 52.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 69,228 shares of company stock valued at $3,171,794 in the last ninety days. 0.25% of the stock is currently owned by insiders.

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.