Insider Selling: Leonardo DRS (NASDAQ:DRS) CEO Sells $1,665,630.57 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CEO John Baylouny sold 36,471 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total value of $1,665,630.57. Following the sale, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Down 2.4%

Shares of NASDAQ:DRS traded down $1.09 during midday trading on Monday, reaching $44.99. The company had a trading volume of 741,275 shares, compared to its average volume of 1,127,005. The company has a fifty day simple moving average of $44.55 and a two-hundred day simple moving average of $41.83. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.34. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $50.59. 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 (NASDAQ:DRS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $825.05 million. During the same quarter in the previous year, the company earned $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. Research analysts predict that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Dividend Announcement

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

Institutional Trading of Leonardo DRS

Institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Leonardo DRS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after purchasing an additional 1,922 shares in the last quarter. Millennium Management LLC lifted its position in Leonardo DRS by 29.0% in the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $12,157,000 after buying an additional 83,077 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 worth $4,882,000 after buying an additional 12,712 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Leonardo DRS by 18.6% during 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 during the 1st quarter valued at $225,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. 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. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $47.00 target price on Leonardo DRS in a report on Wednesday, February 25th. Bank of America raised their target price on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Finally, Canaccord Genuity Group lifted their price target on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus price target of $52.80.

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.