Leonardo DRS (NASDAQ:DRS) EVP Sells $65,000.00 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Sally Wallace sold 1,300 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $50.00, for a total transaction of $65,000.00. Following the completion of the transaction, the executive vice president directly owned 57,053 shares in the company, valued at $2,852,650. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sally Wallace also recently made the following trade(s):

• On Thursday, April 2nd, Sally Wallace sold 28,960 shares of Leonardo DRS stock. The stock was sold at an average price of $46.35, for a total transaction of $1,342,296.00.

Leonardo DRS Price Performance

Shares of DRS stock traded down $1.85 during mid-day trading on Monday, hitting $46.68. The company had a trading volume of 1,003,162 shares, compared to its average volume of 1,125,261. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $50.59. The stock’s 50 day moving average price is $44.60 and its 200-day moving average price is $41.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. The company has a market capitalization of $12.45 billion, a P/E ratio of 43.63, a P/E/G ratio of 3.50 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRS) last released its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $825.05 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Equities research analysts forecast that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS’s payout ratio is currently 33.64%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Erste Asset Management GmbH increased its stake in shares of Leonardo DRS by 503.6% during the fourth quarter. Erste Asset Management GmbH now owns 142,750 shares of the company’s stock valued at $4,872,000 after buying an additional 119,100 shares during the period. Stephens Investment Management Group LLC grew its holdings in Leonardo DRS by 24.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,020,223 shares of the company’s stock worth $34,779,000 after acquiring an additional 202,758 shares in the last quarter. Swedbank AB grew its holdings in Leonardo DRS by 1,026.0% during the 4th quarter. Swedbank AB now owns 96,205 shares of the company’s stock worth $3,280,000 after acquiring an additional 87,661 shares in the last quarter. AXQ Capital LP grew its holdings in Leonardo DRS by 301.6% during the 4th quarter. AXQ Capital LP now owns 44,872 shares of the company’s stock worth $1,530,000 after acquiring an additional 33,699 shares in the last quarter. Finally, Norges Bank bought a new position in Leonardo DRS during the 4th quarter worth about $37,481,000. Institutional investors own 18.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a research note on Wednesday, February 25th. Bank of America upped their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

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.