Entropy Technologies LP Sells 22,527 Shares of Leonardo DRS, Inc. $DRS

Entropy Technologies LP decreased its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 53.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,990 shares of the company’s stock after selling 22,527 shares during the quarter. Entropy Technologies LP’s holdings in Leonardo DRS were worth $890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DRS. Bank of Montreal Can grew its holdings in shares of Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after purchasing an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock valued at $246,000 after purchasing an additional 322 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Leonardo DRS by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock valued at $111,000 after purchasing an additional 347 shares during the last quarter. Stephens Inc. AR boosted its position in 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 buying an additional 389 shares in the last quarter. Finally, Cibc World Market Inc. boosted its position in Leonardo DRS by 6.3% in the fourth quarter. Cibc World Market Inc. now owns 7,128 shares of the company’s stock valued at $243,000 after buying an additional 425 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Canaccord Genuity Group boosted their price objective on 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 Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.75.

Leonardo DRS Trading Up 1.6%

Shares of DRS stock opened at $49.21 on Wednesday. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $50.59. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 45.99, a PEG ratio of 3.50 and a beta of 0.36. The stock has a 50-day moving average of $45.59 and a 200-day moving average of $43.81.

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

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is currently 33.64%.

Insider Activity at Leonardo DRS

In related news, 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 value of $1,665,630.57. Following the transaction, the chief executive officer owned 122,435 shares in the company, valued at $5,591,606.45. The trade was a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Tuesday, July 7th. The shares were sold at an average price of $45.37, for a total transaction of $175,355.05. Following the sale, the executive vice president directly owned 27,445 shares in the company, valued at $1,245,179.65. This trade represents a 12.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 65,364 shares of company stock valued at $2,994,785 over the last 90 days. 0.25% of the stock is owned by company 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.