Aigen Investment Management LP Takes $736,000 Position in Leonardo DRS, Inc. $DRS

Aigen Investment Management LP acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) during the fourth quarter, HoldingsChannel reports. The fund acquired 21,576 shares of the company’s stock, valued at approximately $736,000.

A number of other large investors have also recently made changes to their positions in the stock. First Trust Advisors LP lifted its holdings in Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after purchasing an additional 1,972,596 shares in the last quarter. Norges Bank purchased a new position in Leonardo DRS in the 4th quarter worth approximately $37,481,000. Millennium Management LLC lifted its holdings in Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock worth $80,639,000 after purchasing an additional 1,071,708 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Leonardo DRS by 528.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after purchasing an additional 1,070,870 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Leonardo DRS by 566.2% in the 3rd quarter. UBS Group AG now owns 711,588 shares of the company’s stock worth $32,306,000 after purchasing an additional 604,783 shares in the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of research analyst reports. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Bank of America boosted their price target on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Canaccord Genuity Group boosted 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. Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Finally, Wall Street Zen raised 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, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Leonardo DRS presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Leonardo DRS Stock Performance

NASDAQ:DRS opened at $48.53 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $50.59. The stock’s 50 day simple moving average is $44.60 and its two-hundred day simple moving average is $41.38. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 45.36, a PEG ratio of 3.50 and a beta of 0.34.

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

Leonardo DRS Dividend Announcement

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

Insider Activity

In related news, Director Reuben Jeffery III bought 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, with a total value of $1,069,250.00. Following the transaction, the director owned 25,000 shares in the company, valued at $1,069,250. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jason Rinsky sold 3,865 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total value of $181,152.55. Following the transaction, the executive vice president directly owned 31,310 shares in the company, valued at approximately $1,467,499.70. This represents a 10.99% 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. In the last quarter, insiders have sold 59,759 shares of company stock worth $2,751,977. Company insiders own 0.25% of the company’s stock.

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.