Insider Selling: Leonardo DRS (NASDAQ:DRS) CFO Sells $739,259.10 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 16,330 shares of Leonardo DRS stock in a transaction on Monday, March 16th. The shares were sold at an average price of $45.27, for a total transaction of $739,259.10. Following the transaction, the chief financial officer owned 26,622 shares in the company, valued at approximately $1,205,177.94. This trade represents a 38.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, January 5th, Michael Dippold sold 10,588 shares of Leonardo DRS stock. The stock was sold at an average price of $37.00, for a total transaction of $391,756.00.

Leonardo DRS Trading Down 2.1%

Shares of DRS stock opened at $45.48 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.89. The stock has a fifty day simple moving average of $42.18 and a two-hundred day simple moving average of $39.47. The firm has a market capitalization of $12.10 billion, a PE ratio of 44.16, a PEG ratio of 2.31 and a beta of 0.41. Leonardo DRS, Inc. has a 52-week low of $28.17 and a 52-week high of $49.31.

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

Leonardo DRS Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on DRS shares. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a report on Wednesday, February 25th. Weiss Ratings downgraded shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Truist Financial set a $59.00 target price on shares of Leonardo DRS in a research report on Wednesday, February 25th. Finally, Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Hedge Funds Weigh In On Leonardo DRS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Munro Partners raised its holdings in shares of Leonardo DRS by 72.5% during the 3rd quarter. Munro Partners now owns 170,345 shares of the company’s stock worth $7,734,000 after acquiring an additional 71,590 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Leonardo DRS by 20.6% in the third quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company’s stock valued at $37,113,000 after purchasing an additional 139,531 shares in the last quarter. CWM LLC increased its position in Leonardo DRS by 460.8% in the third quarter. CWM LLC now owns 37,677 shares of the company’s stock worth $1,711,000 after purchasing an additional 30,958 shares during the last quarter. Catalyst Funds Management Pty Ltd increased its position in Leonardo DRS by 275.4% in the second quarter. Catalyst Funds Management Pty Ltd now owns 27,030 shares of the company’s stock worth $1,256,000 after purchasing an additional 19,830 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock valued at $175,144,000 after purchasing an additional 870,772 shares in the last quarter. 18.76% of the stock is owned by institutional investors.

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.