Jason Rinsky Sells 3,864 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,864 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.81, for a total transaction of $177,009.84. Following the completion of the transaction, the executive vice president owned 23,581 shares in the company, valued at approximately $1,080,245.61. This represents a 14.08% decrease in their ownership of the stock. The transaction 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.

Jason Rinsky also recently made the following trade(s):

• On Tuesday, July 7th, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The stock was sold at an average price of $45.37, for a total transaction of $175,355.05.
• On Wednesday, June 3rd, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The stock was sold at an average price of $46.87, for a total transaction of $181,152.55.

Leonardo DRS Stock Up 1.5%

Shares of DRS opened at $45.30 on Friday. The firm has a market cap of $12.09 billion, a P/E ratio of 38.07, a price-to-earnings-growth ratio of 2.72 and a beta of 0.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The firm’s 50-day simple moving average is $45.60 and its 200 day simple moving average is $44.03.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The firm had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. During the same period last year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. On average, analysts forecast that Leonardo DRS, Inc. will post 1.39 earnings per share for the current year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s dividend payout ratio (DPR) is presently 30.25%.

Hedge Funds Weigh In On Leonardo DRS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its holdings in Leonardo DRS by 1.6% in the fourth quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after acquiring an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after purchasing an additional 322 shares during the period. Osaic Holdings Inc. lifted its position in shares of Leonardo DRS by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after purchasing an additional 347 shares during the period. Stephens Inc. AR boosted its stake in shares of Leonardo DRS by 3.3% in the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock valued at $415,000 after purchasing an additional 389 shares during the last quarter. Finally, Cibc World Market Inc. boosted its stake in shares of Leonardo DRS by 6.3% in the 4th quarter. Cibc World Market Inc. now owns 7,128 shares of the company’s stock valued at $243,000 after purchasing an additional 425 shares during the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of research reports. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings raised shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. 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 note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.60.

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.