Leonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) Director Eric Salzman sold 4,403 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $41.17, for a total value of $181,271.51. Following the transaction, the director owned 11,820 shares in the company, valued at approximately $486,629.40. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Leonardo DRS Price Performance
Shares of NASDAQ DRS opened at $41.04 on Friday. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 2.32 and a beta of 0.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70. The firm’s 50 day simple moving average is $44.71 and its 200-day simple moving average is $39.02. Leonardo DRS, Inc. has a 12 month low of $26.00 and a 12 month high of $49.31.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $829.00 million during the quarter, compared to analysts’ expectations of $824.50 million. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current year.
Leonardo DRS Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRS. Yorktown Management & Research Co Inc acquired a new stake in shares of Leonardo DRS during the 1st quarter worth approximately $260,000. Ameriprise Financial Inc. bought a new stake in Leonardo DRS during the fourth quarter worth $344,000. Brevan Howard Capital Management LP bought a new position in shares of Leonardo DRS in the 4th quarter valued at $503,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Leonardo DRS by 172.7% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 17,971 shares of the company’s stock valued at $591,000 after acquiring an additional 11,381 shares during the last quarter. Finally, Versor Investments LP lifted its stake in shares of Leonardo DRS by 24.2% in the 1st quarter. Versor Investments LP now owns 51,657 shares of the company’s stock valued at $1,698,000 after acquiring an additional 10,057 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on DRS shares. Canaccord Genuity Group started coverage on Leonardo DRS in a research report on Monday, August 11th. They set a “buy” rating and a $50.00 price objective for the company. JPMorgan Chase & Co. raised their price target on Leonardo DRS from $33.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 16th. The Goldman Sachs Group initiated coverage on Leonardo DRS in a research note on Monday, June 30th. They issued a “buy” rating and a $49.00 price target on the stock. BTIG Research set a $49.00 price objective on Leonardo DRS and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.75.
Check Out Our Latest Analysis on Leonardo DRS
Leonardo DRS Company Profile
Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.
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