Leonardo DRS (NASDAQ:DRS) CEO John Baylouny Sells 36,471 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CEO John Baylouny sold 36,471 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $45.67, for a total value of $1,665,630.57. Following the completion of the transaction, the chief executive officer owned 122,435 shares in the company, valued at $5,591,606.45. This trade represents a 22.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Leonardo DRS Stock Down 2.4%

Shares of Leonardo DRS stock opened at $44.99 on Tuesday. The firm has a market cap 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 debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. Leonardo DRS, Inc. has a 52-week low of $32.43 and a 52-week high of $50.59. The stock has a 50-day simple moving average of $44.50 and a 200-day simple moving average of $41.91.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities research analysts expect that Leonardo DRS, Inc. will post 1.3 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, May 19th. Leonardo DRS’s payout ratio is currently 33.64%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Militia Capital Management LLC acquired a new position in Leonardo DRS during the 1st quarter worth $2,328,000. Parallel Advisors LLC grew its position in shares of Leonardo DRS by 1,701.4% in the first quarter. Parallel Advisors LLC now owns 1,261 shares of the company’s stock valued at $56,000 after purchasing an additional 1,191 shares during the last quarter. Ruggaard & Associates LLC acquired a new stake in shares of Leonardo DRS in the first quarter valued at about $211,000. Essential Partners LLC increased its stake in shares of Leonardo DRS by 68.7% in the first quarter. Essential Partners LLC now owns 1,302 shares of the company’s stock worth $58,000 after purchasing an additional 530 shares during the period. Finally, Amundi lifted its position in shares of Leonardo DRS by 4.4% during the 1st quarter. Amundi now owns 12,124 shares of the company’s stock worth $540,000 after purchasing an additional 507 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

Wall Street Analyst Weigh In

DRS has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research report on Wednesday, February 25th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Finally, Bank of America boosted their price target on Leonardo DRS from $50.00 to $55.00 and gave the stock 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 issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.80.

About Leonardo DRS

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.