First Trust Advisors LP Sells 183,100 Shares of Leonardo DRS, Inc. $DRS

First Trust Advisors LP lowered its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 7.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,228,111 shares of the company’s stock after selling 183,100 shares during the period. First Trust Advisors LP’s holdings in Leonardo DRS were worth $99,195,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Leonardo DRS by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after buying an additional 1,922 shares during the period. Millennium Management LLC raised its position in shares of Leonardo DRS by 29.0% in the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $12,157,000 after acquiring an additional 83,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Leonardo DRS by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock valued at $4,882,000 after purchasing an additional 12,712 shares during the period. Intech Investment Management LLC lifted its stake in shares of Leonardo DRS by 18.6% in the 1st quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after purchasing an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Leonardo DRS during the first quarter worth approximately $225,000. 18.76% of the stock is currently owned by institutional investors.

Leonardo DRS Stock Down 0.1%

DRS stock opened at $48.10 on Friday. The stock’s fifty day simple moving average is $45.35 and its two-hundred day simple moving average is $43.60. 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 1-year low of $32.43 and a 1-year high of $50.59. The stock has a market cap of $12.83 billion, a P/E ratio of 44.95, a P/E/G ratio of 3.47 and a beta of 0.36.

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

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. Leonardo DRS’s dividend payout ratio (DPR) is presently 33.64%.

Insider Buying and Selling at Leonardo DRS

In related news, CFO Michael Dippold sold 8,318 shares of Leonardo DRS stock in a transaction that occurred 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. The trade was a 13.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pamela Morrow sold 11,545 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total value of $521,025.85. Following the completion of the transaction, the senior vice president owned 10,551 shares of the company’s stock, valued at approximately $476,166.63. This represents a 52.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 65,364 shares of company stock valued at $2,994,785 in the last quarter. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings upgraded Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Canaccord Genuity Group increased their price target on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Leonardo DRS presently has an average rating of “Moderate Buy” and an average price target of $53.75.

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.