Leonardo DRS (NASDAQ:DRS) SVP Sells $542,400.00 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) SVP Pamela Morrow sold 12,000 shares of Leonardo DRS stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total value of $542,400.00. Following the completion of the sale, the senior vice president owned 6,494 shares of the company’s stock, valued at $293,528.80. The trade was a 64.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Leonardo DRS Price Performance

DRS opened at $46.58 on Friday. The company’s 50-day simple moving average is $40.33 and its two-hundred day simple moving average is $39.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 1.89. The stock has a market capitalization of $12.39 billion, a P/E ratio of 45.22, a P/E/G ratio of 2.28 and a beta of 0.41. Leonardo DRS, Inc. has a 52-week low of $28.17 and a 52-week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $994.79 million. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is 34.95%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DRS. True Wealth Design LLC increased its holdings in shares of Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after acquiring an additional 298 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after purchasing an additional 275 shares during the last quarter. Quarry LP boosted its stake in Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares in the last quarter. Clearstead Advisors LLC boosted its stake in Leonardo DRS by 564.1% in the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after purchasing an additional 581 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 315 shares during the last quarter. 18.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DRS. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Truist Financial set a $59.00 price target on shares of Leonardo DRS in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings lowered shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and an average target price of $50.33.

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.