Leonardo DRS (NASDAQ:DRS) CFO Michael Dippold Sells 14,317 Shares of Company Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 14,317 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $37.91, for a total transaction of $542,757.47. Following the transaction, the chief financial officer directly owned 20,826 shares in the company, valued at $789,513.66. The trade was a 40.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Michael Dippold sold 20,317 shares of Leonardo DRS stock. The shares were sold at an average price of $37.18, for a total transaction of $755,386.06.

Leonardo DRS Stock Up 5.3%

DRS stock opened at $38.86 on Wednesday. Leonardo DRS, Inc. has a 12-month low of $32.43 and a 12-month high of $50.59. The company has a quick ratio of 1.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.09 and a beta of 0.37. The company has a 50 day moving average of $36.62 and a two-hundred day moving average of $42.15.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. Leonardo DRS had a net margin of 9.40% and a return on equity of 14.33%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Leonardo DRS, Inc. will post 1.48 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, November 12th. Leonardo DRS’s dividend payout ratio (DPR) is currently 26.47%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DRS shares. Morgan Stanley lifted their price objective on Leonardo DRS from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday. Guggenheim initiated coverage on Leonardo DRS in a research report on Monday, September 14th. They issued a “buy” rating and a $51.00 target price on the stock. BTIG Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a research note on Monday. Weiss Ratings lowered Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 22nd. Finally, Zacks Research upgraded Leonardo DRS from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $51.50.

Key Leonardo DRS News

Here are the key news stories impacting Leonardo DRS this week:

• Positive Sentiment: AeroVironment selected Leonardo DRS to provide rugged vehicle-integration expertise, as well as power and thermal-management work, for the U.S. Army’s Enduring-High Energy Laser production program. The award adds work tied to a U.S. Army production effort; its financial value was not disclosed. Leonardo DRS Selected by AV for U.S. Army’s Enduring-High Energy Laser Production Program
• Positive Sentiment: BTIG reaffirmed its Buy rating with a $50 target, while Morgan Stanley raised its target from $44 to $45 but kept an Equal Weight rating. A separate report cited a $51.50 consensus target, suggesting analysts see potential upside. Leonardo DRS Stock Has Consensus Target Price of $51.50
• Neutral Sentiment: CFO Michael Dippold sold 14,317 shares for about $543,000, reducing his holdings by roughly 41% but retaining 20,826 shares. The sale was executed under a pre-arranged Rule 10b5-1 plan, which may temper concerns about the transaction’s timing. SEC filing

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new position in shares of Leonardo DRS during the 2nd quarter valued at about $31,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Leonardo DRS in the 2nd quarter valued at approximately $32,000. Fifth Third Bancorp acquired a new stake in Leonardo DRS in the 1st quarter worth approximately $41,000. CX Institutional lifted its holdings in Leonardo DRS by 1,617.9% in the 3rd quarter. CX Institutional now owns 962 shares of the company’s stock worth $35,000 after purchasing an additional 906 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in Leonardo DRS by 426.0% in the 1st quarter. Root Financial Partners LLC now owns 1,194 shares of the company’s stock worth $53,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

About Leonardo DRS

Leonardo DRS, Inc is a defense technology company that develops and supplies advanced products and systems for the U.S. military and government customers, as well as allied nations. The company operates as a subsidiary of Leonardo S.p.A. and focuses on technologies used in land, sea, air and space-related defense applications.

Its offerings include sensing and surveillance systems, electro-optical and infrared technologies, radar and electronic warfare products, network computing and communications systems, counter-uncrewed aircraft systems, force protection equipment, and naval power and propulsion systems.