Jason Rinsky Sells 3,865 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,865 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $46.87, for a total transaction of $181,152.55. Following the transaction, the executive vice president owned 31,310 shares in the company, valued at approximately $1,467,499.70. This trade represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Leonardo DRS Stock Performance

Shares of DRS traded up $1.10 during mid-day trading on Thursday, reaching $46.71. 765,225 shares of the company’s stock were exchanged, compared to its average volume of 1,149,336. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. The business’s fifty day simple moving average is $44.28 and its 200-day simple moving average is $40.72. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $49.31. The stock has a market capitalization of $12.46 billion, a PE ratio of 43.65, a price-to-earnings-growth ratio of 3.42 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. During the same period last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities research analysts expect that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Dividend Announcement

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

Hedge Funds Weigh In On Leonardo DRS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its position in Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after acquiring an additional 845 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of Leonardo DRS by 564.1% during the 3rd 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 last quarter. Leonteq Securities AG bought a new stake in Leonardo DRS during the fourth quarter valued at $34,000. Allworth Financial LP increased its stake in 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 purchasing an additional 736 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in Leonardo DRS during the first quarter valued at $41,000. 18.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DRS. Bank of America raised their target price on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a research report on Wednesday, February 25th. Canaccord Genuity Group lifted their price objective on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings cut Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Finally, Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Leonardo DRS currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

About Leonardo DRS

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.