Insider Selling: Leonardo DRS (NASDAQ:DRS) CFO Sells $386,620.64 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 8,318 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $46.48, for a total value of $386,620.64. Following the sale, the chief financial officer owned 55,460 shares of the company’s stock, valued at approximately $2,577,780.80. This trade represents a 13.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dippold also recently made the following trade(s):

• On Thursday, April 2nd, Michael Dippold sold 7,071 shares of Leonardo DRS stock. The shares were sold at an average price of $45.38, for a total value of $320,881.98.
• On Monday, March 16th, Michael Dippold sold 16,330 shares of Leonardo DRS stock. The shares were sold at an average price of $45.27, for a total value of $739,259.10.

Leonardo DRS Stock Up 7.8%

Leonardo DRS stock opened at $49.69 on Friday. The stock has a market cap of $13.26 billion, a PE ratio of 46.44, a price-to-earnings-growth ratio of 3.33 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. Leonardo DRS, Inc. has a one year low of $32.43 and a one year high of $50.04. The stock has a fifty day moving average of $44.54 and a 200 day moving average of $41.28.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company 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%.Leonardo DRS’s revenue for the quarter was up 5.9% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is 33.64%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DRS. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Bank of America boosted their price target on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Canaccord Genuity Group boosted 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. Finally, Morgan Stanley set a $47.00 price target on Leonardo DRS in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Institutional Trading of Leonardo DRS

Several hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its stake in shares of Leonardo DRS by 7,041.7% in the fourth quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after acquiring an additional 845 shares during the period. Clearstead Advisors LLC boosted its stake in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after acquiring an additional 581 shares during the period. Leonteq Securities AG bought a new position in shares of Leonardo DRS in the fourth quarter worth about $34,000. Allworth Financial LP boosted its stake in shares of Leonardo DRS by 504.1% in the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after acquiring an additional 736 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Leonardo DRS in the first quarter worth about $41,000. Institutional investors own 18.76% of the company’s stock.

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.