Leonardo DRS (NASDAQ:DRS) SVP Pamela Morrow Sells 11,545 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) SVP Pamela Morrow sold 11,545 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total value of $521,025.85. Following the completion of the sale, the senior vice president owned 10,551 shares in the company, valued at approximately $476,166.63. This represents a 52.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pamela Morrow also recently made the following trade(s):

• On Tuesday, March 3rd, Pamela Morrow sold 12,000 shares of Leonardo DRS stock. The shares were sold at an average price of $45.20, for a total value of $542,400.00.

Leonardo DRS Price Performance

Shares of NASDAQ DRS opened at $48.41 on Friday. The business’s 50 day moving average price is $44.09 and its 200 day moving average price is $40.38. The firm has a market cap of $12.91 billion, a P/E ratio of 45.24, a P/E/G ratio of 3.27 and a beta of 0.29. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $49.31. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05.

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

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Leonardo DRS’s payout ratio is 33.64%.

Hedge Funds Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC increased its stake in shares of Leonardo DRS by 564.1% in the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after purchasing an additional 581 shares in the last quarter. Quarry LP increased 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 valued at $29,000 after purchasing an additional 845 shares in the last quarter. Allworth Financial LP increased its stake in shares of Leonardo DRS by 504.1% in the 3rd 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. Fifth Third Bancorp purchased a new position in shares of Leonardo DRS in the 1st quarter valued at about $41,000. Finally, UMB Bank n.a. purchased a new position in shares of Leonardo DRS in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DRS. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Bank of America boosted their price objective on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings cut Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Canaccord Genuity Group boosted their price objective on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One equities 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 stock. According to MarketBeat, the stock currently has an average 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.