Insider Selling: Leonardo DRS (NASDAQ:DRS) EVP Sells $65,000.00 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Sally Wallace sold 1,300 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $65,000.00. Following the completion of the sale, the executive vice president owned 57,053 shares of the company’s stock, valued at approximately $2,852,650. The trade was a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sally Wallace also recently made the following trade(s):

• On Thursday, April 2nd, Sally Wallace sold 28,960 shares of Leonardo DRS stock. The shares were sold at an average price of $46.35, for a total transaction of $1,342,296.00.

Leonardo DRS Stock Up 2.2%

NASDAQ DRS opened at $46.58 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The firm has a 50-day simple moving average of $44.59 and a 200 day simple moving average of $41.65. Leonardo DRS, Inc. has a twelve month low of $32.43 and a twelve month high of $50.59. The stock has a market cap of $12.43 billion, a PE ratio of 43.53, a PEG ratio of 3.29 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRS) last released 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 net margin of 7.85% and a return on equity of 12.02%. The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, research analysts forecast that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Dividend Announcement

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

Analyst Upgrades and Downgrades

DRS has been the subject of a number of analyst reports. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. Canaccord Genuity Group raised their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Bank of America raised their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.80.

Institutional Trading of Leonardo DRS

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Leonardo DRS by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock valued at $263,091,000 after purchasing an additional 34,858 shares in the last quarter. State Street Corp increased its holdings in shares of Leonardo DRS by 4.0% in the fourth quarter. State Street Corp now owns 3,988,403 shares of the company’s stock valued at $135,965,000 after purchasing an additional 153,697 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Leonardo DRS by 116.8% in the third quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after purchasing an additional 1,972,596 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Leonardo DRS by 77.1% in the fourth quarter. AQR Capital Management LLC now owns 2,255,400 shares of the company’s stock valued at $76,887,000 after purchasing an additional 981,956 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in shares of Leonardo DRS by 107.6% in the first quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock valued at $94,308,000 after purchasing an additional 1,098,108 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

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.