Leonardo DRS (NASDAQ:DRS) EVP Sally Wallace Sells 1,300 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Sally Wallace sold 1,300 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $50.00, for a total value of $65,000.00. Following the transaction, the executive vice president directly owned 57,053 shares of the company’s stock, valued at $2,852,650. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sally Wallace also recently made the following trade(s):

• On Thursday, April 2nd, Sally Wallace sold 28,960 shares of Leonardo DRS stock. The stock was sold at an average price of $46.35, for a total transaction of $1,342,296.00.

Leonardo DRS Price Performance

NASDAQ:DRS opened at $46.68 on Tuesday. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $50.59. The company has a market cap of $12.45 billion, a P/E ratio of 43.63, a P/E/G ratio of 3.50 and a beta of 0.34. 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 stock’s 50-day simple moving average is $44.60 and its 200 day simple moving average is $41.47.

Leonardo DRS (NASDAQ:DRS) last issued 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. The firm had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, sell-side analysts forecast that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

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

Hedge Funds Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Leonardo DRS by 0.5% during 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 raised its holdings in Leonardo DRS by 4.0% in the 4th quarter. State Street Corp now owns 3,988,403 shares of the company’s stock valued at $135,965,000 after acquiring an additional 153,697 shares during the period. First Trust Advisors LP lifted its position in Leonardo DRS by 116.8% during the third quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after acquiring an additional 1,972,596 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Leonardo DRS by 77.1% during 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 period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of Leonardo DRS by 107.6% during 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 period. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DRS has been the topic of several analyst reports. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Bank of America boosted their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a report on Wednesday, February 25th. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $52.80.

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.