Key Points
- Sally Wallace sold 28,960 shares of Leonardo DRS on April 2 at an average price of $46.35 for about $1.34M, cutting her direct holding by 33.17% to 58,353 shares; the sale was made under a pre‑arranged Rule 10b5‑1 trading plan and disclosed in an SEC filing.
- The stock traded around $46.30 (1‑year range $28.17–$49.31) and the company has a market cap of about $12.3B, a P/E of 44.95, and a 0.8% dividend yield ($0.36 annualized).
- Analysts have been upgrading the stock recently, leaving a consensus rating of "Moderate Buy" and an average target near $51.00, with several firms raising price targets (e.g., BofA to $55, Truist to $59).
Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) CFO Michael Dippold sold 7,071 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $45.38, for a total value of $320,881.98. Following the transaction, the chief financial officer directly owned 63,778 shares in the company, valued at approximately $2,894,245.64. This trade represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Dippold also recently made the following trade(s):
- On Monday, March 16th, Michael Dippold sold 16,330 shares of Leonardo DRS stock. The stock was sold at an average price of $45.27, for a total value of $739,259.10.
- On Monday, January 5th, Michael Dippold sold 10,588 shares of Leonardo DRS stock. The stock was sold at an average price of $37.00, for a total value of $391,756.00.
Leonardo DRS Price Performance
DRS opened at $46.30 on Friday. The stock's fifty day simple moving average is $42.95 and its 200 day simple moving average is $39.75. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The stock has a market cap of $12.32 billion, a PE ratio of 44.95, a price-to-earnings-growth ratio of 3.42 and a beta of 0.43. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings data on Sunday, February 15th. The company reported $0.42 EPS for the quarter. The firm had revenue of $1.06 billion during the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. As a group, research analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.
Leonardo DRS Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Leonardo DRS's dividend payout ratio is currently 34.95%.
Institutional Investors Weigh In On Leonardo DRS
Several institutional investors have recently made changes to their positions in the stock. Munro Partners lifted its position in shares of Leonardo DRS by 72.5% during the 3rd quarter. Munro Partners now owns 170,345 shares of the company's stock valued at $7,734,000 after acquiring an additional 71,590 shares during the period. Stephens Investment Management Group LLC increased its position in shares of Leonardo DRS by 20.6% in the third quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company's stock worth $37,113,000 after purchasing an additional 139,531 shares during the period. CWM LLC raised its stake in Leonardo DRS by 460.8% in the third quarter. CWM LLC now owns 37,677 shares of the company's stock valued at $1,711,000 after purchasing an additional 30,958 shares in the last quarter. Invesco Ltd. raised its stake in Leonardo DRS by 30.1% in the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company's stock valued at $175,144,000 after purchasing an additional 870,772 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in Leonardo DRS by 21.3% during the third quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company's stock worth $82,039,000 after purchasing an additional 317,294 shares during the period. 18.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on DRS shares. Weiss Ratings raised Leonardo DRS from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 20th. Truist Financial set a $59.00 price target on Leonardo DRS in a report on Wednesday, February 25th. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Bank of America increased their price objective on Leonardo DRS from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, March 25th. Finally, Wall Street Zen raised Leonardo DRS from a "hold" rating to a "buy" rating in a report on Saturday. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.00.
View 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.
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