Leonardo DRS (NASDAQ:DRS) EVP Jason Rinsky Sells 3,865 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,865 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $46.87, for a total value of $181,152.55. Following the completion of the sale, the executive vice president owned 31,310 shares of the company’s stock, valued at $1,467,499.70. This trade represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Leonardo DRS Trading Up 2.4%

NASDAQ:DRS opened at $46.71 on Friday. 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 firm has a market capitalization of $12.46 billion, a price-to-earnings ratio of 43.65, a price-to-earnings-growth ratio of 3.29 and a beta of 0.34. Leonardo DRS, Inc. has a one year low of $32.43 and a one year high of $49.31. The business has a fifty day moving average price of $44.33 and a 200-day moving average price of $40.80.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $846.00 million during the quarter, compared to analyst estimates of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.Leonardo DRS’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Sell-side analysts forecast that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a report on Wednesday, February 25th. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group upped their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Bank of America upped their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC boosted its holdings in shares of Leonardo DRS by 564.1% during the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after purchasing an additional 581 shares during the last quarter. Quarry LP boosted its holdings in shares of Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Leonardo DRS by 504.1% during the 3rd quarter. Allworth Financial LP now owns 882 shares of the company’s stock valued at $40,000 after purchasing an additional 736 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Leonardo DRS during the 1st quarter valued at about $41,000. Finally, UMB Bank n.a. purchased a new stake in shares of Leonardo DRS during the 3rd quarter valued at about $45,000. Institutional investors own 18.76% of the company’s stock.

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.