Leonardo DRS (NASDAQ:DRS) CFO Michael Dippold Sells 20,317 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 20,317 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $37.18, for a total value of $755,386.06. Following the transaction, the chief financial officer owned 35,143 shares of the company’s stock, valued at $1,306,616.74. This represents a 36.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dippold also recently made the following trade(s):

• On Monday, June 8th, Michael Dippold sold 8,318 shares of Leonardo DRS stock. The stock was sold at an average price of $46.48, for a total value of $386,620.64.

Leonardo DRS Stock Down 1.1%

Shares of DRS opened at $36.60 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.92 and a quick ratio of 1.56. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 2.25 and a beta of 0.35. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $50.59. The business’s 50 day simple moving average is $43.38 and its 200-day simple moving average is $44.12.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Friday, July 31st. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The firm had revenue of $913.00 million during the quarter, compared to analyst estimates of $903.27 million. During the same period last year, the firm posted $0.23 earnings per share. Leonardo DRS’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts expect that Leonardo DRS, Inc. will post 1.39 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 13th. Leonardo DRS’s dividend payout ratio (DPR) is presently 30.25%.

Hedge Funds Weigh In On Leonardo DRS

A number of institutional investors have recently modified their holdings of DRS. Quarry LP boosted its holdings in shares of Leonardo DRS by 7,041.7% in the fourth quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the period. Global Retirement Partners LLC purchased a new stake in Leonardo DRS in the second quarter worth about $31,000. Edmond DE Rothschild Holding S.A. bought a new position in Leonardo DRS in the second quarter worth about $32,000. Leonteq Securities AG purchased a new position in Leonardo DRS in the fourth quarter worth $34,000. Finally, Fifth Third Bancorp acquired a new position in shares of Leonardo DRS during the first quarter worth $41,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DRS. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. JPMorgan Chase & Co. lifted their price target 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. Finally, Weiss Ratings raised shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and a consensus 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.