Michael Dippold Sells 8,318 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 8,318 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $46.48, for a total transaction of $386,620.64. Following the completion of the sale, the chief financial officer directly owned 55,460 shares of the company’s stock, valued at approximately $2,577,780.80. The trade was a 13.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 2nd, Michael Dippold sold 7,071 shares of Leonardo DRS stock. The stock was sold at an average price of $45.38, for a total transaction of $320,881.98.
• On Monday, March 16th, Michael Dippold sold 16,330 shares of Leonardo DRS stock. The stock was sold at an average price of $45.27, for a total transaction of $739,259.10.

Leonardo DRS Stock Down 2.6%

Shares of NASDAQ DRS opened at $46.11 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. The company has a market cap of $12.30 billion, a P/E ratio of 43.09, a PEG ratio of 3.42 and a beta of 0.34. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $49.31. The firm has a 50-day simple moving average of $44.44 and a two-hundred day simple moving average of $41.16.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Research analysts anticipate that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 annualized dividend and a yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is presently 33.64%.

Hedge Funds Weigh In On Leonardo DRS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP grew its position in shares of Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after buying an additional 845 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Leonardo DRS by 564.1% during the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after buying an additional 581 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Leonardo DRS during the fourth quarter valued at approximately $34,000. Allworth Financial LP boosted its stake in shares of Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock valued at $40,000 after purchasing an additional 736 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Leonardo DRS during the first quarter valued at approximately $41,000. Institutional investors own 18.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Bank of America raised their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research report on Wednesday, February 25th. Weiss Ratings raised shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.