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

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 10,588 shares of Leonardo DRS stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $37.00, for a total value of $391,756.00. Following the completion of the transaction, the chief financial officer directly owned 42,952 shares of the company’s stock, valued at approximately $1,589,224. This represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Leonardo DRS Stock Performance

Shares of DRS stock opened at $37.20 on Thursday. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00. Leonardo DRS, Inc. has a one year low of $28.17 and a one year high of $49.31. The company’s 50-day moving average is $34.50 and its 200 day moving average is $40.24.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results 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. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $924.79 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. Sell-side analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

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

Wall Street Analysts Forecast Growth

DRS has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Zacks Research cut shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Morgan Stanley set a $40.00 price target on shares of Leonardo DRS in a report on Tuesday, December 16th. Canaccord Genuity Group reissued a “buy” rating and set a $50.00 price objective on shares of Leonardo DRS in a report on Thursday, October 30th. Finally, Truist Financial lowered their price objective on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Leonardo DRS presently has an average rating of “Moderate Buy” and a consensus target price of $46.14.

Institutional Investors Weigh In On Leonardo DRS

A number of hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its holdings in Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after purchasing an additional 1,972,596 shares during the period. Millennium Management LLC increased its position in Leonardo DRS by 152.1% in the third 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 in the last quarter. AQR Capital Management LLC increased its position in Leonardo DRS by 528.6% in the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after buying an additional 1,070,870 shares in the last quarter. Norges Bank bought a new position in shares of Leonardo DRS in the second quarter worth about $44,336,000. Finally, Invesco Ltd. lifted its position 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 buying an additional 870,772 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.

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.