Leonardo DRS (NASDAQ:DRS) CFO Michael Dippold Sells 20,317 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 20,317 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $37.18, for a total transaction of $755,386.06. Following the completion of the sale, the chief financial officer owned 35,143 shares of the company’s stock, valued at approximately $1,306,616.74. This represents a 36.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Monday, June 8th, Michael Dippold sold 8,318 shares of Leonardo DRS stock. The stock was sold at an average price of $46.48, for a total transaction of $386,620.64.

Leonardo DRS Stock Performance

Shares of DRS stock opened at $37.02 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. The company has a market capitalization of $9.88 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.25 and a beta of 0.35. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $50.59. The company has a 50-day simple moving average of $43.50 and a two-hundred day simple moving average of $44.18.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Friday, July 31st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The firm had revenue of $913.00 million for the quarter, compared to analysts’ expectations of $903.27 million. During the same quarter last year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts anticipate that Leonardo DRS, Inc. will post 1.39 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 13th. Leonardo DRS’s dividend payout ratio (DPR) is presently 30.25%.

Analysts Set New Price Targets

DRS has been the topic of several research analyst reports. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. lifted their target price on Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.60.

Institutional Investors Weigh In On Leonardo DRS

A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can lifted its stake in Leonardo DRS by 1.6% in the fourth quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after purchasing an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Leonardo DRS by 4.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock valued at $246,000 after buying an additional 322 shares during the period. Osaic Holdings Inc. raised its stake in shares of Leonardo DRS by 17.0% in the second quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock valued at $111,000 after buying an additional 347 shares during the period. Stephens Inc. AR lifted its position in shares of Leonardo DRS by 3.3% during the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock valued at $415,000 after buying an additional 389 shares during the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Leonardo DRS by 6.3% during the 4th quarter. Cibc World Market Inc. now owns 7,128 shares of the company’s stock valued at $243,000 after buying an additional 425 shares during the last quarter. 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.