Leonardo DRS (NASDAQ:DRS) CFO Michael Dippold Sells 8,318 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 8,318 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $46.48, for a total value of $386,620.64. Following the transaction, the chief financial officer owned 55,460 shares of the company’s stock, valued at $2,577,780.80. This trade represents a 13.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Thursday, April 2nd, Michael Dippold sold 7,071 shares of Leonardo DRS stock. The shares were sold at an average price of $45.38, for a total value of $320,881.98.
• On Monday, March 16th, Michael Dippold sold 16,330 shares of Leonardo DRS stock. The shares were sold at an average price of $45.27, for a total value of $739,259.10.

Leonardo DRS Trading Up 1.7%

Shares of DRS opened at $47.35 on Wednesday. The stock has a fifty day moving average price of $44.38 and a two-hundred day moving average price of $41.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $49.31. The company has a market cap of $12.63 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 3.36 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The firm had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. During the same quarter in the previous year, the company posted $0.20 EPS. The business’s revenue for the quarter 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. Analysts predict that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

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

Analysts Set New Price Targets

DRS has been the subject of several research analyst reports. Canaccord Genuity Group lifted 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. Bank of America lifted their price objective on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. Weiss Ratings upgraded Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a research report on Wednesday, February 25th. Finally, Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Institutional Investors Weigh In On Leonardo DRS

Several hedge funds and other institutional investors have recently made changes to their positions in DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Leonardo DRS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after buying an additional 1,922 shares during the period. Millennium Management LLC increased its stake in shares of Leonardo DRS by 29.0% in the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock valued at $12,157,000 after buying an additional 83,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Leonardo DRS by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock valued at $4,882,000 after buying an additional 12,712 shares during the period. Intech Investment Management LLC increased its stake in shares of Leonardo DRS by 18.6% in the 1st quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after buying an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Leonardo DRS in the 1st quarter valued at $225,000. 18.76% of the stock is owned by institutional investors and hedge funds.

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.