Michael Dippold Sells 10,588 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 10,588 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $37.00, for a total value of $391,756.00. Following the completion of the sale, the chief financial officer directly owned 42,952 shares of the company’s stock, valued at $1,589,224. The trade was a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Leonardo DRS Stock Performance

Shares of Leonardo DRS stock opened at $38.84 on Friday. The firm’s fifty day simple moving average is $34.55 and its 200-day simple moving average is $40.23. Leonardo DRS, Inc. has a 12 month low of $28.17 and a 12 month high of $49.31. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 1.85 and a beta of 0.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.63.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. Leonardo DRS’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, equities analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, November 18th. Leonardo DRS’s payout ratio is 36.73%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DRS. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday, December 29th. Morgan Stanley set a $40.00 price objective on shares of Leonardo DRS in a research report on Tuesday, December 16th. Truist Financial dropped their price objective on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and issued a $50.00 target price on shares of Leonardo DRS in a research note on Thursday, October 30th. Finally, Zacks Research downgraded shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Leonardo DRS presently has an average rating of “Moderate Buy” and an average target price of $46.14.

Institutional Trading of Leonardo DRS

A number of large investors have recently bought and sold shares of the business. First Trust Advisors LP raised its stake in Leonardo DRS by 116.8% during the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after buying an additional 1,972,596 shares during the period. Millennium Management LLC grew its position in shares of Leonardo DRS by 152.1% during the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after acquiring an additional 1,071,708 shares during the period. AQR Capital Management LLC grew its stake in shares of Leonardo DRS by 528.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after acquiring an additional 1,070,870 shares during the period. Norges Bank purchased a new stake in Leonardo DRS during the second quarter valued at about $44,336,000. Finally, Invesco Ltd. boosted its holdings 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 acquiring an additional 870,772 shares during the period. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Company Profile

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.