Jason Rinsky Sells 3,865 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,865 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $45.37, for a total value of $175,355.05. Following the completion of the transaction, the executive vice president owned 27,445 shares in the company, valued at $1,245,179.65. This represents a 12.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 3rd, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55.

Leonardo DRS Trading Down 0.1%

Shares of DRS opened at $44.67 on Friday. 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 firm has a market cap of $11.92 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 3.23 and a beta of 0.36. The firm has a 50 day moving average price of $44.56 and a 200-day moving average price of $42.84. Leonardo DRS, Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $50.59.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $846.00 million during the quarter, compared to analyst estimates of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities research analysts forecast that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were 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 was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is currently 33.64%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP boosted its position 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 purchasing an additional 845 shares during the period. Leonteq Securities AG bought a new stake in Leonardo DRS in the fourth quarter worth $34,000. Allworth Financial LP increased its holdings in shares of Leonardo DRS by 504.1% in the 3rd quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after buying an additional 736 shares during the last quarter. Fifth Third Bancorp bought a new stake in Leonardo DRS during the first quarter worth approximately $41,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Leonardo DRS during the 4th quarter valued at approximately $46,000. 18.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DRS. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings cut Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group upped their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Bank of America raised their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and an average target price of $53.75.

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.