Leonardo DRS, Inc. (NASDAQ:DRS) Plans $0.09 Quarterly Dividend

Leonardo DRS, Inc. (NASDAQ:DRS) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, August 13th will be paid a dividend of 0.09 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 13th.

Leonardo DRS has a payout ratio of 28.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Leonardo DRS to earn $1.42 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 25.4%.

Leonardo DRS Trading Down 2.0%

Shares of DRS stock traded down $0.92 during mid-day trading on Thursday, hitting $45.62. The company’s stock had a trading volume of 1,175,299 shares, compared to its average volume of 1,128,365. The company’s fifty day simple moving average is $45.63 and its 200-day simple moving average is $43.86. Leonardo DRS has a 52 week low of $32.43 and a 52 week high of $50.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The company has a market cap of $12.17 billion, a PE ratio of 42.64, a P/E/G ratio of 3.55 and a beta of 0.36.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Thursday, July 30th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The company had revenue of $913.00 million for the quarter, compared to analyst estimates of $902.19 million. During the same quarter in the prior year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. As a group, equities research analysts expect that Leonardo DRS will post 1.3 earnings per share for the current fiscal year.

Insider Transactions at Leonardo DRS

In related news, EVP Jason Rinsky sold 3,865 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $45.37, for a total value of $175,355.05. Following the transaction, the executive vice president directly owned 27,445 shares in the company, valued at $1,245,179.65. This trade represents a 12.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of Leonardo DRS stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the completion of the sale, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. The trade was a 22.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 65,364 shares of company stock valued at $2,994,785. Company insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Leonardo DRS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock worth $1,441,000 after acquiring an additional 1,922 shares during the last quarter. Millennium Management LLC increased its holdings in Leonardo DRS by 29.0% during the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $12,157,000 after purchasing an additional 83,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Leonardo DRS by 9.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock worth $4,882,000 after purchasing an additional 12,712 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Leonardo DRS by 18.6% in the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock worth $1,597,000 after purchasing an additional 7,625 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Leonardo DRS in the first quarter valued at approximately $225,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

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.