Pamela Morrow Sells 11,545 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) SVP Pamela Morrow sold 11,545 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total transaction of $521,025.85. Following the completion of the transaction, the senior vice president owned 10,551 shares of the company’s stock, valued at approximately $476,166.63. The trade was a 52.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Pamela Morrow also recently made the following trade(s):

• On Tuesday, March 3rd, Pamela Morrow sold 12,000 shares of Leonardo DRS stock. The stock was sold at an average price of $45.20, for a total transaction of $542,400.00.

Leonardo DRS Stock Up 0.7%

Shares of NASDAQ:DRS opened at $48.76 on Friday. The stock has a market cap of $13.01 billion, a P/E ratio of 45.57, a P/E/G ratio of 3.49 and a beta of 0.29. The firm has a fifty day moving average price of $44.14 and a 200 day moving average price of $40.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $49.31.

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 analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. Leonardo DRS’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Sell-side analysts predict that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.7%. Leonardo DRS’s dividend payout ratio is currently 33.64%.

Hedge Funds Weigh In On Leonardo DRS

Several hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in shares of Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock worth $665,000 after purchasing an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Leonardo DRS by 4.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after purchasing an additional 322 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Leonardo DRS by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 23,616 shares of the company’s stock worth $1,072,000 after purchasing an additional 327 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Leonardo DRS by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after purchasing an additional 347 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Leonardo DRS by 3.3% during the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock worth $415,000 after purchasing an additional 389 shares during the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a research note on Wednesday, February 25th. Weiss Ratings downgraded shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Bank of America upped their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.