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

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Sally Wallace sold 1,300 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $35.17, for a total transaction of $45,721.00. Following the transaction, the executive vice president owned 58,353 shares in the company, valued at approximately $2,052,275.01. This trade represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Leonardo DRS Trading Up 4.4%

Shares of NASDAQ DRS opened at $38.84 on Friday. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The company has a 50-day moving average of $34.55 and a two-hundred day moving average of $40.23. The company has a market cap of $10.33 billion, a PE ratio of 39.63, a P/E/G ratio of 1.85 and a beta of 0.44. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12.

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

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, November 18th. Leonardo DRS’s dividend payout ratio (DPR) is 36.73%.

Institutional Trading of Leonardo DRS

A number of large investors have recently made changes to their positions in DRS. True Wealth Design LLC lifted its holdings in Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after acquiring an additional 298 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Leonardo DRS in the second quarter worth about $26,000. Steward Partners Investment Advisory LLC raised its position in shares of Leonardo DRS by 91.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after purchasing an additional 275 shares during the period. Clearstead Advisors LLC lifted its holdings 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 purchasing an additional 581 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Leonardo DRS by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares during the period. Institutional investors own 18.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DRS. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 29th. Zacks Research lowered shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. 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. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a report on Thursday, October 30th. Finally, Morgan Stanley set a $40.00 target price on shares of Leonardo DRS in a report on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Leonardo DRS has a consensus rating of “Moderate Buy” and an average target price 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.