Leonardo DRS (NASDAQ:DRS) EVP Sally Wallace Sells 1,300 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Sally Wallace sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $35.17, for a total transaction of $45,721.00. Following the sale, the executive vice president directly owned 58,353 shares of the company’s stock, valued at approximately $2,052,275.01. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Leonardo DRS Stock Down 0.7%

NASDAQ DRS opened at $37.20 on Thursday. The stock’s 50 day simple moving average is $34.50 and its 200 day simple moving average is $40.24. Leonardo DRS, Inc. has a one year low of $28.17 and a one year high of $49.31. The firm has a market cap of $9.90 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.63.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $924.79 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, sell-side analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, November 18th. Leonardo DRS’s payout ratio is 36.73%.

Institutional Investors Weigh In On Leonardo DRS

Large investors have recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after purchasing an additional 870,772 shares in the last quarter. First Trust Advisors LP lifted its holdings in Leonardo DRS by 116.8% during the third quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after acquiring an additional 1,972,596 shares in the last quarter. State Street Corp grew its stake in Leonardo DRS by 8.3% in the second quarter. State Street Corp now owns 3,311,605 shares of the company’s stock valued at $153,923,000 after acquiring an additional 254,975 shares during the period. Van ECK Associates Corp increased its holdings in shares of Leonardo DRS by 9.3% in the third quarter. Van ECK Associates Corp now owns 1,820,059 shares of the company’s stock worth $82,631,000 after acquiring an additional 154,792 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Leonardo DRS by 21.3% during the third quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company’s stock worth $82,039,000 after purchasing an additional 317,294 shares during the period. Institutional investors own 18.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DRS shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a research note on Thursday, October 30th. Morgan Stanley set a $40.00 target price on shares of Leonardo DRS in a research note on Tuesday, December 16th. Truist Financial dropped their price target on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.14.

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.