AlphaQuest LLC Acquires 29,933 Shares of Leonardo DRS, Inc. $DRS

AlphaQuest LLC increased its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 76.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 69,161 shares of the company’s stock after buying an additional 29,933 shares during the period. AlphaQuest LLC’s holdings in Leonardo DRS were worth $2,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DRS. First Trust Advisors LP boosted its stake in shares of Leonardo DRS by 116.8% during the third quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after purchasing an additional 1,972,596 shares in the last quarter. Millennium Management LLC lifted its position in Leonardo DRS by 152.1% during the third quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after acquiring an additional 1,071,708 shares during the last quarter. AQR Capital Management LLC lifted its position in Leonardo DRS by 528.6% during the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock valued at $56,000,000 after acquiring an additional 1,070,870 shares during the last quarter. UBS Group AG lifted its position in Leonardo DRS by 566.2% during the third quarter. UBS Group AG now owns 711,588 shares of the company’s stock valued at $32,306,000 after acquiring an additional 604,783 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Leonardo DRS by 64.6% during the second quarter. Bank of America Corp DE now owns 1,251,415 shares of the company’s stock valued at $58,166,000 after acquiring an additional 491,158 shares during the last quarter. 18.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, Director Reuben Jeffery III acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of $42.77 per share, for a total transaction of $1,069,250.00. Following the completion of the purchase, the director directly owned 25,000 shares of the company’s stock, valued at $1,069,250. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Dippold sold 7,071 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $45.38, for a total transaction of $320,881.98. Following the completion of the sale, the chief financial officer owned 63,778 shares in the company, valued at $2,894,245.64. The trade was a 9.98% decrease in their position. 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. Insiders have sold 64,361 shares of company stock worth $2,944,837 over the last ninety days. 0.25% of the stock is owned by insiders.

Leonardo DRS Trading Up 2.0%

Shares of Leonardo DRS stock opened at $45.80 on Wednesday. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 42.80, a PEG ratio of 3.24 and a beta of 0.29. Leonardo DRS, Inc. has a 12-month low of $32.43 and a 12-month high of $49.31. The firm’s 50 day simple moving average is $44.03 and its two-hundred day simple moving average is $40.21. 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 (NASDAQ:DRS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $846.00 million for the quarter, compared to analyst estimates of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts predict that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is presently 33.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DRS. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Canaccord Genuity Group increased their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Bank of America increased their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings lowered shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Leonardo DRS has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

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.