Leonardo DRS (NASDAQ:DRS) Director Purchases $1,069,250.00 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) Director Reuben Jeffery III acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $42.77 per share, for a total transaction of $1,069,250.00. Following the acquisition, the director directly owned 25,000 shares in the company, valued at $1,069,250. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Leonardo DRS Stock Down 0.0%

DRS stock opened at $44.55 on Friday. The stock has a 50-day simple moving average of $44.07 and a two-hundred day simple moving average of $40.02. Leonardo DRS, Inc. has a twelve month low of $32.43 and a twelve month high of $49.31. The firm has a market capitalization of $11.88 billion, a PE ratio of 41.64, a PEG ratio of 3.21 and a beta of 0.29. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05.

Leonardo DRS (NASDAQ:DRS) last issued 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 company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $825.05 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’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. On average, equities analysts predict that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is currently 33.64%.

Analyst Ratings Changes

A number of equities analysts have recently commented on DRS shares. Weiss Ratings lowered shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a report on Wednesday, February 25th. Canaccord Genuity Group increased their target price on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and an average target price of $52.00.

Institutional Investors Weigh In On Leonardo DRS

A number of institutional investors have recently made changes to their positions in the business. Quarry LP raised its position in Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares during the period. Clearstead Advisors LLC boosted its position in Leonardo DRS by 564.1% during the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after buying an additional 581 shares during the period. Leonteq Securities AG bought a new position in shares of Leonardo DRS during the fourth quarter valued at about $34,000. Allworth Financial LP grew its stake in shares of Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock valued at $40,000 after buying an additional 736 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of Leonardo DRS in the first quarter worth about $41,000. Hedge funds and other institutional investors own 18.76% 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.