Leonardo DRS (NASDAQ:DRS) EVP Sells $175,355.05 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,865 shares of Leonardo DRS stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $45.37, for a total value of $175,355.05. Following the transaction, the executive vice president directly owned 27,445 shares of the company’s stock, valued at $1,245,179.65. This trade represents a 12.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Rinsky also recently made the following trade(s):

• On Wednesday, June 3rd, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55.

Leonardo DRS Price Performance

NASDAQ:DRS traded down $0.76 during mid-day trading on Wednesday, hitting $44.71. 790,391 shares of the company’s stock traded hands, compared to its average volume of 1,160,187. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The company has a market cap of $11.93 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 3.27 and a beta of 0.36. The firm’s 50 day simple moving average is $44.39 and its 200 day simple moving average is $42.68. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $50.59.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating 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 business had revenue of $846.00 million for the quarter, compared to analyst estimates of $825.05 million. During the same period in the prior year, the business earned $0.20 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Sell-side analysts expect that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is 33.64%.

Analyst Ratings Changes

Several analysts have recently issued reports on DRS shares. Canaccord Genuity Group upped their price objective on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Bank of America upped their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings downgraded shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.

Hedge Funds Weigh In On Leonardo DRS

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Leonardo DRS by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock worth $263,091,000 after buying an additional 34,858 shares during the last quarter. State Street Corp lifted its holdings in shares of Leonardo DRS by 4.0% during the 4th quarter. State Street Corp now owns 3,988,403 shares of the company’s stock worth $135,965,000 after acquiring an additional 153,697 shares during the period. AQR Capital Management LLC boosted its position in shares of Leonardo DRS by 77.1% in the fourth quarter. AQR Capital Management LLC now owns 2,255,400 shares of the company’s stock worth $76,887,000 after acquiring an additional 981,956 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in shares of Leonardo DRS by 107.6% in the first quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock worth $94,308,000 after acquiring an additional 1,098,108 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Leonardo DRS by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,995,989 shares of the company’s stock worth $68,043,000 after purchasing an additional 267,817 shares during the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

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.