Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) CFO Michael Dippold sold 16,330 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $45.27, for a total value of $739,259.10. Following the transaction, the chief financial officer owned 26,622 shares in the company, valued at $1,205,177.94. The trade was a 38.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Michael Dippold also recently made the following trade(s):
- On Monday, January 5th, Michael Dippold sold 10,588 shares of Leonardo DRS stock. The shares were sold at an average price of $37.00, for a total value of $391,756.00.
Leonardo DRS Price Performance
Shares of DRS stock opened at $45.60 on Wednesday. Leonardo DRS, Inc. has a twelve month low of $28.17 and a twelve month high of $49.31. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $41.86 and a two-hundred day simple moving average of $39.38. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 44.27, a P/E/G ratio of 2.25 and a beta of 0.41.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $994.79 million. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.
Leonardo DRS Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS's payout ratio is currently 34.95%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on DRS. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research note on Wednesday, February 25th. Weiss Ratings lowered Leonardo DRS from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 5th. Truist Financial set a $59.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Finally, Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $50.33.
Check Out Our Latest Stock Analysis on DRS
Hedge Funds Weigh In On Leonardo DRS
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Leonardo DRS by 0.5% during the 4th 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 during 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 during the period. Invesco Ltd. raised its stake in shares of Leonardo DRS by 30.1% in the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company's stock worth $175,144,000 after purchasing an additional 870,772 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Leonardo DRS by 116.8% during the third quarter. First Trust Advisors LP now owns 3,661,214 shares of the company's stock worth $166,219,000 after purchasing an additional 1,972,596 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Leonardo DRS by 77.1% during the fourth quarter. AQR Capital Management LLC now owns 2,255,400 shares of the company's stock worth $76,887,000 after purchasing an additional 981,956 shares during the period. 18.76% of the stock is owned by institutional investors and hedge funds.
Leonardo DRS Company Profile
(
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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