Key Points
- CEO John Baylouny sold 36,471 shares of Leonardo DRS at an average price of $45.67, totaling about $1.67 million. The sale, filed with the SEC, reduced his ownership by 22.95% and was made under a pre-arranged Rule 10b5-1 plan.
- Leonardo DRS shares were down 2.4% and opened at $44.99, with the stock trading near its 50-day moving average of $44.50. The company has a market cap of about $12 billion and has ranged between $32.43 and $50.59 over the past year.
- Fundamentals and analyst sentiment remain solid: the company beat quarterly EPS and revenue estimates, recently paid a $0.09 quarterly dividend, and analysts maintain a Moderate Buy consensus with an average price target of $52.80.
Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) CEO John Baylouny sold 36,471 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $45.67, for a total value of $1,665,630.57. Following the transaction, the chief executive officer owned 122,435 shares of the company's stock, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Leonardo DRS Stock Down 2.4%
DRS opened at $44.99 on Tuesday. The business has a 50 day moving average of $44.50 and a 200-day moving average of $41.91. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 3.32 and a beta of 0.34. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $50.59.
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, topping analysts' consensus estimates of $0.21 by $0.05. The business had revenue of $846.00 million for the quarter, compared to analyst estimates of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. Leonardo DRS's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, sell-side analysts anticipate that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.
Leonardo DRS Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS's dividend payout ratio (DPR) is currently 33.64%.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Truist Financial raised shares of Leonardo DRS to a "strong-buy" rating in a research report on Friday, May 1st. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Canaccord Genuity Group boosted their price target on Leonardo DRS from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Bank of America upped their price target on Leonardo DRS from $50.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, March 25th. Finally, Weiss Ratings upgraded Leonardo DRS from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.80.
Read Our Latest Report on Leonardo DRS
Institutional Trading of Leonardo DRS
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Erste Asset Management GmbH boosted its holdings in shares of Leonardo DRS by 503.6% in the 4th quarter. Erste Asset Management GmbH now owns 142,750 shares of the company's stock worth $4,872,000 after acquiring an additional 119,100 shares in the last quarter. Stephens Investment Management Group LLC grew its position in Leonardo DRS by 24.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,020,223 shares of the company's stock worth $34,779,000 after acquiring an additional 202,758 shares during the last quarter. Swedbank AB increased its holdings in Leonardo DRS by 1,026.0% during the 4th quarter. Swedbank AB now owns 96,205 shares of the company's stock valued at $3,280,000 after purchasing an additional 87,661 shares in the last quarter. AXQ Capital LP raised its position in Leonardo DRS by 301.6% in the 4th quarter. AXQ Capital LP now owns 44,872 shares of the company's stock valued at $1,530,000 after purchasing an additional 33,699 shares during the last quarter. Finally, Norges Bank bought a new position in Leonardo DRS in the 4th quarter valued at $37,481,000. Institutional investors own 18.76% of the company's stock.
Leonardo DRS Company Profile
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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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