Key Points
- Pamela Morrow, SVP of Leonardo DRS (NASDAQ:DRS), sold 12,000 shares at an average price of $45.20 on March 3 for about $542,400, cutting her stake by 64.89% to 6,494 shares.
- DRS stock traded down about 2% to $46 with light volume; the company reported a quarter beating EPS and revenue estimates (EPS $0.42 vs. $0.37 consensus; revenue $1.06B, up 8.1%) and set FY2026 guidance of 1.200–1.260 EPS.
- Leonardo DRS declared a quarterly dividend of $0.09 (annualized $0.36, ~0.8% yield), and analysts have a consensus rating of "Moderate Buy" with a target price of $48.86.
Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) SVP Pamela Morrow sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total value of $542,400.00. Following the sale, the senior vice president directly owned 6,494 shares of the company's stock, valued at approximately $293,528.80. The trade was a 64.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Leonardo DRS Stock Down 2.0%
DRS stock traded down $0.95 during mid-day trading on Thursday, hitting $46.00. 148,239 shares of the company were exchanged, compared to its average volume of 1,323,787. The firm has a market cap of $12.24 billion, a P/E ratio of 44.66, a P/E/G ratio of 2.26 and a beta of 0.41. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 1.89. The firm's 50 day simple moving average is $39.85 and its 200 day simple moving average is $39.12.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $994.79 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, sell-side analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.
Leonardo DRS Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS's dividend payout ratio (DPR) is currently 34.95%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on DRS shares. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Truist Financial set a $59.00 price target on Leonardo DRS in a research report on Wednesday, February 25th. Wall Street Zen cut shares of Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Leonardo DRS in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.86.
Get Our Latest Analysis on Leonardo DRS
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Leonardo DRS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company's stock worth $1,441,000 after purchasing an additional 1,922 shares during the period. Millennium Management LLC lifted its stake in shares of Leonardo DRS by 29.0% during the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company's stock worth $12,157,000 after buying an additional 83,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Leonardo DRS by 9.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company's stock worth $4,882,000 after buying an additional 12,712 shares during the period. Intech Investment Management LLC grew its stake in Leonardo DRS by 18.6% in the 1st quarter. Intech Investment Management LLC now owns 48,560 shares of the company's stock valued at $1,597,000 after buying an additional 7,625 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Leonardo DRS in the 1st quarter valued at about $225,000. 18.76% of the stock is currently owned by institutional investors.
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.
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