1 week Ago By ABMN Staff
JPMorgan Chase & Co. boosted its stake in shares of Leonardo DRS, Inc. ( NASDAQ:DRS – Free Report ) by 261.
6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 621,506 shares of the company’s stock after acquiring an additional 449,642 shares during the quarter. JPMorgan Chase & Co.
owned approximately 0.24% of Leonardo DRS worth $20,081,000 as of its most recent SEC filing. A number of other institutional investors also recently modified their holdings of the stock.
Steward Partners Investment Advisory LLC raised its holdings in 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 last quarter.
IFP Advisors Inc grew its holdings in Leonardo DRS by 37.0% during the 4th quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock worth $63,000 after acquiring an additional 525 shares during the period.
KBC Group NV raised its position in shares of Leonardo DRS by 42.0% during the 4th quarter. KBC Group NV now owns 3,671 shares of the company’s stock valued at $119,000 after acquiring an additional 1,086 shares during the last quarter.
Longboard Asset Management LP acquired a new stake in shares of Leonardo DRS during the fourth quarter worth $212,000. Finally, Robeco Institutional Asset Management B.V.
acquired a new position in Leonardo DRS in the fourth quarter valued at about $213,000. 18.76% of the stock is owned by institutional investors.
Insider Buying and Selling at Leonardo DRS In other news, Director Eric Salzman sold 3,477 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $34.59, for a total value of $120,269.
43. Following the completion of the sale, the director now directly owns 13,262 shares of the company’s stock, valued at $458,732.58.
This trade represents a 20.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link .
Also, CEO William Lynn III sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $35.25, for a total value of $1,586,250.
00. Following the transaction, the chief executive officer now directly owns 189,937 shares in the company, valued at $6,695,279.25.
The trade was a 19.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders sold a total of 144,360 shares of company stock worth $4,849,137 over the last quarter. 0.12% of the stock is currently owned by insiders.
Analyst Ratings Changes Read Our Latest Research Report on DRS Leonardo DRS Price Performance NASDAQ DRS opened at $33.96 on Friday. The company has a market capitalization of $9.
00 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 1.41 and a beta of 0.
73. Leonardo DRS, Inc. has a 12-month low of $19.
88 and a 12-month high of $37.99. The firm’s 50 day moving average is $32.
10 and its 200-day moving average is $32.60. The company has a quick ratio of 1.
70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14.
Leonardo DRS ( NASDAQ:DRS – Get Free Report ) last announced its quarterly earnings data 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. The company had revenue of $981.
00 million during the quarter, compared to analysts’ expectations of $942.18 million. Leonardo DRS had a return on equity of 10.
37% and a net margin of 6.59%. Equities research analysts anticipate that Leonardo DRS, Inc.
will post 1.04 earnings per share for the current fiscal year. Leonardo DRS announced that its Board of Directors has approved a stock repurchase program on Thursday, February 20th that authorizes the company to buyback $75.
00 million in shares. This buyback authorization authorizes the company to reacquire up to 0.9% of its shares through open market purchases.
Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued. Leonardo DRS Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.
09 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.
36 dividend on an annualized basis and a yield of 1.06%. Leonardo DRS’s payout ratio is 45.
57%. Leonardo DRS Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding DRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leonardo DRS, Inc.
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