Leonardo DRS (NASDAQ:DRS) Director Purchases $1,069,250.00 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) Director Reuben Jeffery III purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average price of $42.77 per share, with a total value of $1,069,250.00. Following the completion of the purchase, the director owned 25,000 shares of the company’s stock, valued at $1,069,250. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Leonardo DRS Price Performance

Shares of DRS stock traded down $0.03 during trading on Tuesday, hitting $42.81. The company had a trading volume of 724,726 shares, compared to its average volume of 1,167,484. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86. The firm has a market capitalization of $11.42 billion, a P/E ratio of 40.01, a price-to-earnings-growth ratio of 2.99 and a beta of 0.29. The stock’s 50-day moving average price is $44.24 and its 200 day moving average price is $39.87. Leonardo DRS, Inc. has a one year low of $32.43 and a one year high of $49.31.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly 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 business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Equities analysts expect that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, May 19th. Leonardo DRS’s payout ratio is 33.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DRS. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group boosted their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Finally, Bank of America boosted their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Leonardo DRS presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its holdings in shares of Leonardo DRS by 564.1% during the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after buying an additional 581 shares in the last quarter. Quarry LP increased its holdings in shares of Leonardo DRS by 7,041.7% during the fourth quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after buying an additional 845 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Leonardo DRS by 504.1% during the third quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after buying an additional 736 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Leonardo DRS during the first quarter worth $41,000. Finally, UMB Bank n.a. acquired a new position in shares of Leonardo DRS during the third quarter worth $45,000. 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.