Leonardo DRS (NASDAQ:DRS) CFO Michael Dippold Sells 16,330 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 16,330 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $45.27, for a total value of $739,259.10. Following the transaction, the chief financial officer directly owned 26,622 shares in the company, valued at $1,205,177.94. This trade represents a 38.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 5th, Michael Dippold sold 10,588 shares of Leonardo DRS stock. The shares were sold at an average price of $37.00, for a total value of $391,756.00.

Leonardo DRS Trading Up 0.7%

DRS stock traded up $0.30 on Tuesday, reaching $45.60. The company’s stock had a trading volume of 744,602 shares, compared to its average volume of 1,290,184. The firm has a market cap of $12.13 billion, a PE ratio of 44.27, a PEG ratio of 2.25 and a beta of 0.41. The business has a fifty day simple moving average of $41.70 and a two-hundred day simple moving average of $39.35. Leonardo DRS, Inc. has a 12-month low of $28.17 and a 12-month high of $49.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.89.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $994.79 million. During the same period in the previous year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, research analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is 34.95%.

Hedge Funds Weigh In On Leonardo DRS

Hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Leonardo DRS by 116.8% during the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after purchasing an additional 1,972,596 shares during the last quarter. Norges Bank bought a new stake in Leonardo DRS in the 4th quarter worth about $37,481,000. Millennium Management LLC raised its position in Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock worth $80,639,000 after buying an additional 1,071,708 shares during the last quarter. AQR Capital Management LLC lifted its stake in Leonardo DRS by 528.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock valued at $56,000,000 after acquiring an additional 1,070,870 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Leonardo DRS by 30.1% during the 2nd quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock valued at $175,144,000 after acquiring an additional 870,772 shares during the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DRS. Weiss Ratings downgraded Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. Truist Financial set a $59.00 price objective on shares of Leonardo DRS in a research note on Wednesday, February 25th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a report on Wednesday, February 25th. Finally, Wall Street Zen downgraded Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $50.33.

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.