Leonardo DRS (NASDAQ:DRS) CFO Sells $386,620.64 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 8,318 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $46.48, for a total value of $386,620.64. Following the completion of the sale, the chief financial officer owned 55,460 shares of the company’s stock, valued at $2,577,780.80. This trade represents a 13.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dippold also recently made the following trade(s):

• On Thursday, April 2nd, Michael Dippold sold 7,071 shares of Leonardo DRS stock. The shares were sold at an average price of $45.38, for a total value of $320,881.98.
• On Monday, March 16th, Michael Dippold sold 16,330 shares of Leonardo DRS stock. The shares were sold at an average price of $45.27, for a total value of $739,259.10.

Leonardo DRS Price Performance

Shares of Leonardo DRS stock traded up $0.80 on Tuesday, reaching $47.35. The company’s stock had a trading volume of 603,775 shares, compared to its average volume of 1,135,318. The company has a market capitalization of $12.63 billion, a P/E ratio of 44.25, a PEG ratio of 3.33 and a beta of 0.34. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $49.31. The stock has a 50-day moving average price of $44.33 and a 200-day moving average price of $40.97. 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 posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts expect that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is currently 33.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DRS. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $47.00 price target on Leonardo DRS in a research note on Wednesday, February 25th. Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Bank of America lifted their price target on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Hedge Funds Weigh In On Leonardo DRS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its stake in Leonardo DRS by 1,701.4% during the first quarter. Parallel Advisors LLC now owns 1,261 shares of the company’s stock worth $56,000 after buying an additional 1,191 shares during the last quarter. Ruggaard & Associates LLC acquired a new position in Leonardo DRS during the first quarter worth $211,000. Essential Partners LLC boosted its stake in Leonardo DRS by 68.7% during the first quarter. Essential Partners LLC now owns 1,302 shares of the company’s stock worth $58,000 after buying an additional 530 shares during the last quarter. Amundi boosted its stake in Leonardo DRS by 4.4% during the first quarter. Amundi now owns 12,124 shares of the company’s stock worth $540,000 after buying an additional 507 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Leonardo DRS by 51.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,798 shares of the company’s stock worth $80,000 after buying an additional 607 shares during the last quarter. Institutional investors and hedge funds 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.