Leonardo DRS (NASDAQ:DRS) EVP Sells $177,009.84 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,864 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.81, for a total transaction of $177,009.84. Following the completion of the sale, the executive vice president owned 23,581 shares of the company’s stock, valued at approximately $1,080,245.61. The trade was a 14.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Rinsky also recently made the following trade(s):

• On Tuesday, July 7th, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The shares were sold at an average price of $45.37, for a total value of $175,355.05.
• On Wednesday, June 3rd, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The stock was sold at an average price of $46.87, for a total value of $181,152.55.

Leonardo DRS Price Performance

Shares of NASDAQ:DRS opened at $44.80 on Friday. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $50.59. The firm has a market capitalization of $11.96 billion, a PE ratio of 37.65, a PEG ratio of 2.76 and a beta of 0.35. The business’s 50 day moving average is $45.52 and its 200-day moving average is $44.03. The company has a current ratio of 1.92, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Thursday, July 30th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $913.00 million during the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.Leonardo DRS’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. Sell-side analysts predict that Leonardo DRS, Inc. will post 1.39 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.09 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is currently 30.25%.

Institutional Investors Weigh In On Leonardo DRS

Large investors have recently made changes to their positions in the company. Quarry LP lifted its holdings in 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. Global Retirement Partners LLC bought a new stake in Leonardo DRS during the second quarter worth about $31,000. Leonteq Securities AG bought a new stake in Leonardo DRS during the fourth quarter worth about $34,000. Fifth Third Bancorp acquired a new stake in shares of Leonardo DRS during the first quarter worth approximately $41,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Leonardo DRS during the fourth quarter worth approximately $46,000. Institutional investors own 18.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DRS. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Canaccord Genuity Group increased their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings upgraded Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.60.

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.