CoreCap Advisors Takes $592K Stake in Leonardo DRS

DRSDRS

CoreCap Advisors LLC acquired a new stake of 13,046 shares of Leonardo DRS, valued at $592,000 in Q3, according to SEC filings. Institutional ownership now stands at 18.76%, with several other funds adjusting positions, including True Wealth Design LLC boosting its holding by 122.6%.

1. CoreCap Advisors LLC Purchases Stake

CoreCap Advisors LLC disclosed in its latest SEC filing that it acquired 13,046 shares of Leonardo DRS during the third quarter, representing a new position valued at approximately $592,000. This marks the first reported investment by the firm in Leonardo DRS, highlighting growing institutional interest in the company’s defense technologies and mission-critical systems offerings.

2. Hedge Funds Adjust Positions

Several hedge funds updated their holdings in Leonardo DRS over the past two quarters. True Wealth Design LLC increased its stake by 122.6%, adding 298 shares to reach 541 shares. GAMMA Investing LLC added 315 shares for a 72.2% boost to 751 shares. Steward Partners Investment Advisory LLC and Caitong International Asset Management Co. Ltd expanded or initiated small positions valued between $26,000 and $27,000. Atlantic Union Bankshares Corp also entered with a $70,000 position. Collectively, institutional investors and hedge funds now own 18.76% of the company’s equity.

3. Q3 Earnings Performance and Guidance

In its third‐quarter report, Leonardo DRS posted revenue of $960 million, surpassing consensus estimates of $924.8 million and marking an 18.2% increase year-over-year. Adjusted EPS came in at $0.29, beating the $0.28 consensus. Return on equity reached 11.37% and net margin stood at 7.43%. The company has set full‐year 2025 EPS guidance between $1.07 and $1.12, with analysts projecting annual EPS of $1.04 based on current sales and margin trends.

4. Insider Activity and Analyst Ratings

Executive vice president Sally Wallace sold 1,300 shares in early January, reducing her position by 2.18%, while COO John Baylouny sold 8,481 shares in October, trimming his stake by 7.41%. Total insider sales over the past 90 days amounted to 20,369 shares worth $808,012. On the sell‐side, six analysts maintain buy recommendations and three hold ratings, with an average target price reflecting a moderate buy consensus based on the firm’s growth trajectory in C4ISR solutions.

Sources

DF