Leonardo DRS, Inc. (NASDAQ:DRS) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,450 shares of the company’s stock after selling 400 shares during the period. Blair William & Co. IL’s holdings in Leonardo DRS were worth $822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DRS. Cerity Partners LLC raised its position in shares of Leonardo DRS by 1.1% in the 3rd quarter. Cerity Partners LLC now owns 34,051 shares of the company’s stock worth $961,000 after buying an additional 354 shares during the period. CIBC Asset Management Inc increased its stake in Leonardo DRS by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 8,060 shares of the company’s stock worth $260,000 after acquiring an additional 405 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Leonardo DRS by 37.0% in the 4th quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock worth $63,000 after purchasing an additional 525 shares during the period. Stephens Inc. AR lifted its stake in shares of Leonardo DRS by 5.2% in the 4th quarter. Stephens Inc. AR now owns 13,308 shares of the company’s stock valued at $430,000 after purchasing an additional 652 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Leonardo DRS by 233.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company’s stock worth $32,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analyst Ratings Changes

DRS has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on shares of Leonardo DRS from $32.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Truist Financial raised their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Bank of America raised shares of Leonardo DRS from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, March 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and an average target price of $34.83.

Insider Buying and Selling at Leonardo DRS

In other news, COO John Baylouny sold 3,529 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $31.90, for a total transaction of $112,575.10. Following the transaction, the chief operating officer now owns 78,334 shares of the company’s stock, valued at approximately $2,498,854.60. This trade represents a 4.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Lynn III sold 45,000 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $35.25, for a total value of $1,586,250.00. Following the completion of the sale, the chief executive officer now directly owns 189,937 shares of the company’s stock, valued at approximately $6,695,279.25. This represents a 19.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,360 shares of company stock valued at $4,848,926 in the last three months. Corporate insiders own 0.12% of the company’s stock.

Leonardo DRS Price Performance

Shares of DRS stock opened at $32.71 on Friday. Leonardo DRS, Inc. has a twelve month low of $19.88 and a twelve month high of $37.99. The company has a market capitalization of $8.67 billion, a PE ratio of 41.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $32.54 and a 200-day simple moving average of $32.39.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Thursday, February 20th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Leonardo DRS had a return on equity of 10.37% and a net margin of 6.59%. The company had revenue of $981.00 million during the quarter, compared to the consensus estimate of $942.18 million. Equities research analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, March 13th. Leonardo DRS’s payout ratio is 45.57%.

Leonardo DRS announced that its board has authorized a stock repurchase plan on Thursday, February 20th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Leonardo DRS Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.