Leonardo DRS (NASDAQ:DRS) CEO Sells 36,471 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) CEO John Baylouny sold 36,471 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $45.67, for a total value of $1,665,630.57. Following the transaction, the chief executive officer owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Leonardo DRS Stock Performance

DRS stock traded down $1.09 on Monday, reaching $44.99. The company’s stock had a trading volume of 741,275 shares, compared to its average volume of 1,127,005. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. 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 capitalization of $12.00 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.34. The firm has a fifty day moving average of $44.55 and a two-hundred day moving average of $41.83.

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

Leonardo DRS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is currently 33.64%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a report on Wednesday, February 25th. Bank of America raised their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Weiss Ratings upgraded Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.80.

Institutional Investors Weigh In On Leonardo DRS

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP grew its stake in shares of Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in Leonardo DRS by 564.1% during the third 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 stake in Leonardo DRS during the fourth quarter worth approximately $34,000. Allworth Financial LP grew its position in Leonardo DRS by 504.1% in the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after buying an additional 736 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Leonardo DRS during the 1st quarter valued at $41,000. 18.76% of the stock is owned by institutional investors and hedge funds.

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.