Leonardo DRS (NASDAQ:DRS) Director Reuben Jeffery III Acquires 25,000 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) Director Reuben Jeffery III acquired 25,000 shares of Leonardo DRS stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $42.77 per share, for a total transaction of $1,069,250.00. Following the purchase, the director owned 25,000 shares of the company’s stock, valued at approximately $1,069,250. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Leonardo DRS Price Performance

Shares of DRS stock opened at $42.81 on Wednesday. The stock’s fifty day moving average is $44.16 and its 200-day moving average is $39.91. 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 has a market capitalization of $11.42 billion, a PE ratio of 40.01, a PEG ratio of 3.09 and a beta of 0.29. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $846.00 million for 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Equities research analysts expect that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

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

Institutional Trading of Leonardo DRS

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 34,858 shares during the period. State Street Corp grew its holdings in Leonardo DRS by 4.0% during the 4th quarter. State Street Corp now owns 3,988,403 shares of the company’s stock worth $135,965,000 after acquiring an additional 153,697 shares during the period. First Trust Advisors LP grew its holdings in Leonardo DRS by 116.8% during the 3rd 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 period. AQR Capital Management LLC grew its holdings in Leonardo DRS by 77.1% during the 4th 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 grew its holdings in Leonardo DRS by 107.6% during the 1st 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. Institutional investors and hedge funds own 18.76% of the company’s stock.

Analyst Ratings Changes

DRS has been the subject of several research analyst reports. 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 report on Wednesday, March 25th. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Canaccord Genuity Group boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $52.00.

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.