Leonardo DRS (NASDAQ:DRS) EVP Jason Rinsky Sells 3,864 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,864 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.81, for a total transaction of $177,009.84. Following the completion of the sale, the executive vice president owned 23,581 shares in the company, valued at approximately $1,080,245.61. This trade represents a 14.08% decrease in their position. 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.

Jason Rinsky also recently made the following trade(s):

• On Tuesday, July 7th, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The shares were sold at an average price of $45.37, for a total transaction of $175,355.05.
• On Wednesday, June 3rd, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55.

Leonardo DRS Stock Performance

Shares of DRS opened at $44.62 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.92 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average price is $45.66 and its 200-day moving average price is $44.01. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The stock has a market cap of $11.91 billion, a P/E ratio of 37.50, a P/E/G ratio of 2.76 and a beta of 0.35.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The company had revenue of $913.00 million for the quarter, compared to the consensus estimate of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. Equities research analysts anticipate that Leonardo DRS, Inc. will post 1.39 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s dividend payout ratio is currently 30.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP raised its position in 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 buying an additional 845 shares during the last quarter. Leonteq Securities AG purchased a new stake in shares of Leonardo DRS during the 4th quarter valued at about $34,000. Fifth Third Bancorp purchased a new stake in shares of Leonardo DRS during the 1st quarter valued at about $41,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Leonardo DRS during the 4th quarter valued at about $46,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of Leonardo DRS by 324.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,362 shares of the company’s stock worth $46,000 after acquiring an additional 1,041 shares during the period. 18.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DRS shares. Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Canaccord Genuity Group raised their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.60.

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.