Insider Selling: Leonardo DRS (NASDAQ:DRS) EVP Sells $181,152.55 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,865 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55. Following the completion of the transaction, the executive vice president directly owned 31,310 shares of the company’s stock, valued at $1,467,499.70. This represents a 10.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Leonardo DRS Price Performance

NASDAQ:DRS opened at $46.15 on Friday. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $49.31. 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 firm has a fifty day simple moving average of $44.33 and a 200 day simple moving average of $40.84. The stock has a market capitalization of $12.31 billion, a PE ratio of 43.13, a P/E/G ratio of 3.33 and a beta of 0.34.

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

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is currently 33.64%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DRS shares. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Bank of America lifted their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Weiss Ratings cut shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Hedge Funds Weigh In On Leonardo DRS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Leonardo DRS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock worth $1,441,000 after purchasing an additional 1,922 shares during the last quarter. Millennium Management LLC lifted its holdings in Leonardo DRS by 29.0% during the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $12,157,000 after purchasing an additional 83,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Leonardo DRS by 9.4% during the 1st 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 purchasing an additional 12,712 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Leonardo DRS by 18.6% during the 1st quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock worth $1,597,000 after purchasing an additional 7,625 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Leonardo DRS during the 1st quarter worth approximately $225,000. 18.76% of the stock is owned by institutional investors.

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.