Cwm LLC Acquires 30,958 Shares of Leonardo DRS, Inc. $DRS

Cwm LLC raised its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 460.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,677 shares of the company’s stock after acquiring an additional 30,958 shares during the quarter. Cwm LLC’s holdings in Leonardo DRS were worth $1,711,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Leonardo DRS in the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC boosted its position in Leonardo DRS by 91.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after purchasing an additional 275 shares during the period. GAMMA Investing LLC grew its holdings in Leonardo DRS by 72.2% during the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Leonardo DRS during the second quarter valued at approximately $69,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Leonardo DRS in the second quarter valued at approximately $70,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DRS. Zacks Research downgraded shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley set a $40.00 target price on Leonardo DRS in a report on Tuesday, December 16th. Truist Financial cut their price target on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Leonardo DRS currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.14.

Insider Buying and Selling

In other Leonardo DRS news, COO John Baylouny sold 8,481 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total transaction of $370,534.89. Following the sale, the chief operating officer directly owned 106,007 shares of the company’s stock, valued at approximately $4,631,445.83. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

Leonardo DRS Stock Performance

NASDAQ DRS opened at $34.78 on Monday. Leonardo DRS, Inc. has a twelve month low of $28.17 and a twelve month high of $49.31. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a market cap of $9.25 billion, a P/E ratio of 35.49, a PEG ratio of 1.73 and a beta of 0.44. The company’s 50-day simple moving average is $34.66 and its 200 day simple moving average is $40.36.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $924.79 million. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, research analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Tuesday, November 18th. Leonardo DRS’s payout ratio is currently 36.73%.

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.