Leonardo DRS (NASDAQ:DRS) CFO Michael Dippold Sells 10,588 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 10,588 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $37.00, for a total transaction of $391,756.00. Following the transaction, the chief financial officer owned 42,952 shares in the company, valued at $1,589,224. This represents a 19.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Leonardo DRS Price Performance

Shares of Leonardo DRS stock opened at $37.11 on Wednesday. Leonardo DRS, Inc. has a 52 week low of $28.17 and a 52 week high of $49.31. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12. The stock has a market cap of $9.87 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 1.84 and a beta of 0.44. The company’s 50-day moving average price is $34.52 and its two-hundred day moving average price is $40.26.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, sell-side analysts anticipate that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, November 18th. Leonardo DRS’s payout ratio is presently 36.73%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DRS. True Wealth Design LLC increased its holdings in Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after buying an additional 298 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Leonardo DRS during the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after purchasing an additional 275 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in 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 purchasing an additional 581 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Leonardo DRS by 72.2% during the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 315 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Truist Financial reduced their price objective on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Zacks Research downgraded shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a report on Thursday, October 30th. Finally, Morgan Stanley set a $40.00 price objective on shares of Leonardo DRS in a research note on Tuesday, December 16th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.14.

Leonardo DRS Company Profile

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.