Pamela Morrow Sells 12,000 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) SVP Pamela Morrow sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total transaction of $542,400.00. Following the completion of the sale, the senior vice president owned 6,494 shares in the company, valued at $293,528.80. The trade was a 64.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Leonardo DRS Trading Down 2.4%

Shares of NASDAQ:DRS opened at $45.82 on Friday. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 2.33 and a beta of 0.41. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 1.89. The company has a 50 day moving average price of $40.09 and a 200 day moving average price of $39.16.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $994.79 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, research analysts anticipate that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Leonardo DRS’s dividend payout ratio is currently 34.95%.

Hedge Funds Weigh In On Leonardo DRS

A number of large investors have recently made changes to their positions in DRS. First Trust Advisors LP boosted its holdings in shares of 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 purchasing an additional 1,972,596 shares during the period. Norges Bank acquired a new stake in shares of Leonardo DRS during the 4th quarter valued at $37,481,000. Millennium Management LLC boosted its stake in shares of Leonardo DRS by 152.1% during the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after buying an additional 1,071,708 shares during the period. AQR Capital Management LLC grew its holdings in shares of Leonardo DRS by 528.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock valued at $56,000,000 after acquiring an additional 1,070,870 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Leonardo DRS by 30.1% in the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after acquiring an additional 870,772 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DRS shares. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Truist Financial set a $59.00 price target on shares of Leonardo DRS in a report on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Leonardo DRS presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.86.

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.