Harel Insurance Investments & Financial Services Ltd. Has $2.21 Million Position in Leonardo DRS, Inc. $DRS

by · The Cerbat Gem

Harel Insurance Investments & Financial Services Ltd. increased its holdings in Leonardo DRS, Inc. (NASDAQ:DRSFree Report) by 38.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,735 shares of the company’s stock after purchasing an additional 13,921 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Leonardo DRS were worth $2,214,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 purchasing an additional 1,922 shares during the period. Millennium Management LLC raised its holdings in 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Leonardo DRS by 9.4% during 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 worth $4,882,000 after acquiring an additional 12,712 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Leonardo DRS by 18.6% during the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after acquiring an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Leonardo DRS in the first quarter valued at about $225,000. 18.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS 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 sale, the chief executive officer owned 122,435 shares of the company’s stock, valued at $5,591,606.45. The trade was a 22.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pamela Morrow sold 11,545 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total transaction 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 a total of 65,364 shares of company stock valued at $2,994,785 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Leonardo DRS Stock Down 1.2%

NASDAQ DRS opened at $43.82 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The firm has a 50-day simple moving average of $44.84 and a 200 day simple moving average of $43.11. Leonardo DRS, Inc. has a twelve month low of $32.43 and a twelve month high of $50.59. The stock has a market cap of $11.69 billion, a PE ratio of 40.95, a PEG ratio of 3.20 and a beta of 0.36.

Leonardo DRS (NASDAQ:DRSGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 12.02% and a net margin of 7.85%.The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, research analysts forecast that Leonardo DRS, Inc. will post 1.3 EPS 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 given a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is currently 33.64%.

Analysts Set New Price Targets

DRS has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Canaccord Genuity Group raised their target price on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings lowered Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Leonardo DRS presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.

View Our Latest Stock Analysis on DRS

Leonardo DRS Profile

(Free Report)

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.

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