Key Points
- Leonardo DRS EVP Jason Rinsky sold 3,865 shares on June 3 at an average price of $46.87, totaling about $181,152.55. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his ownership fell by 10.99%.
- The stock rose 2.4% and opened at $46.71, near its 12-month high of $49.31. Leonardo DRS also trades above both its 50-day and 200-day moving averages, suggesting recent momentum.
- Recent results were strong: the company beat quarterly EPS and revenue estimates, and it issued FY 2026 guidance of $1.260-$1.300 EPS. Analysts currently have a consensus Moderate Buy rating with a $52.00 price target.
Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) EVP Jason Rinsky sold 3,865 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55. Following the sale, the executive vice president owned 31,310 shares in the company, valued at $1,467,499.70. This represents a 10.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Leonardo DRS Stock Up 2.4%
Shares of NASDAQ DRS opened at $46.71 on Friday. The firm's 50-day moving average price is $44.33 and its 200-day moving average price is $40.80. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 43.65, a P/E/G ratio of 3.29 and a beta of 0.34. Leonardo DRS, Inc. has a 12-month low of $32.43 and a 12-month high of $49.31.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $846.00 million for the quarter, compared to analysts' expectations of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities research analysts anticipate that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.
Leonardo DRS Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Leonardo DRS's dividend payout ratio is 33.64%.
Analysts Set New Price Targets
A number of analysts recently weighed in on DRS shares. Truist Financial raised shares of Leonardo DRS to a "strong-buy" rating in a research report on Friday, May 1st. Wall Street Zen raised Leonardo DRS from a "hold" rating to a "buy" rating in a research report on Sunday, May 10th. Weiss Ratings downgraded Leonardo DRS from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 20th. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a research report on Wednesday, February 25th. Finally, Bank of America upped their price objective on Leonardo DRS from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.
Check Out Our Latest Stock Report on DRS
Hedge Funds Weigh In On Leonardo DRS
A number of institutional investors have recently modified their holdings of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 acquiring an additional 1,922 shares during the period. Millennium Management LLC increased its position in shares of Leonardo DRS by 29.0% during the first quarter. Millennium Management LLC now owns 369,749 shares of the company's stock worth $12,157,000 after acquiring an additional 83,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Leonardo DRS by 9.4% during the first 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 acquiring an additional 12,712 shares during the period. Intech Investment Management LLC increased its position in shares of Leonardo DRS by 18.6% during the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company's stock worth $1,597,000 after acquiring an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Leonardo DRS during the first quarter worth approximately $225,000. 18.76% of the stock is owned by hedge funds and other 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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