Key Points
- CFO Michael Dippold sold 10,588 shares on January 5 at an average price of $37 for a total of $391,756, reducing his stake by 19.78% to 42,952 shares; the transaction was disclosed in an SEC Form 4.
- Leonardo DRS beat quarterly estimates with $0.29 EPS (vs. $0.28 consensus) and revenue of $960 million (up 18.2% YoY), and set FY2025 guidance of $1.070–$1.120 EPS (analysts expect ~$1.04).
- The stock carries a consensus rating of "Moderate Buy" with a $46.14 price target, and the company pays a $0.09 quarterly dividend (annualized yield ~1.0%).
Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $35.17, for a total transaction of $45,721.00. Following the completion of the transaction, the executive vice president directly owned 58,353 shares in the company, valued at approximately $2,052,275.01. The trade was a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Leonardo DRS Stock Down 0.7%
Shares of DRS stock opened at $37.20 on Thursday. Leonardo DRS, Inc. has a 12-month low of $28.17 and a 12-month high of $49.31. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $34.50 and a 200-day moving average of $40.24. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 1.86 and a beta of 0.44.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, equities research analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.
Leonardo DRS Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Leonardo DRS's dividend payout ratio is 36.73%.
Institutional Investors Weigh In On Leonardo DRS
Several hedge funds have recently bought and sold shares of DRS. True Wealth Design LLC increased its holdings in shares of Leonardo DRS by 122.6% during the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company's stock worth $25,000 after acquiring an additional 298 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Leonardo DRS during the 2nd quarter worth about $26,000. Steward Partners Investment Advisory LLC grew its stake in Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company's stock valued at $27,000 after buying an additional 275 shares during the last quarter. Clearstead Advisors LLC lifted its position 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 acquiring an additional 581 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Leonardo DRS by 72.2% during the third quarter. GAMMA Investing LLC now owns 751 shares of the company's stock worth $34,000 after acquiring an additional 315 shares during the period. 18.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DRS has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Leonardo DRS in a research report on Monday, December 29th. Zacks Research cut shares of Leonardo DRS from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 30th. Canaccord Genuity Group restated a "buy" rating and set a $50.00 price objective on shares of Leonardo DRS in a research note on Thursday, October 30th. Truist Financial lowered their target price on Leonardo DRS from $49.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, October 30th. Finally, Morgan Stanley set a $40.00 price target on Leonardo DRS in a research report on Tuesday, December 16th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Leonardo DRS presently has a consensus rating of "Moderate Buy" and an average target price of $46.14.
Get Our Latest Stock Report on DRS
About Leonardo DRS
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
