Leonardo DRS (NASDAQ:DRS) CFO Michael Dippold Sells 16,330 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 16,330 shares of Leonardo DRS stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $45.27, for a total value of $739,259.10. Following the transaction, the chief financial officer owned 26,622 shares of the company’s stock, valued at $1,205,177.94. This trade represents a 38.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Michael Dippold also recently made the following trade(s):

• On Monday, January 5th, Michael Dippold sold 10,588 shares of Leonardo DRS stock. The stock was sold at an average price of $37.00, for a total value of $391,756.00.

Leonardo DRS Stock Up 0.7%

Shares of DRS stock traded up $0.30 during trading hours on Tuesday, reaching $45.60. The company had a trading volume of 744,602 shares, compared to its average volume of 1,290,184. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 44.27, a price-to-earnings-growth ratio of 2.25 and a beta of 0.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.60. Leonardo DRS, Inc. has a 12 month low of $28.17 and a 12 month high of $49.31. The business has a fifty day simple moving average of $41.70 and a 200-day simple moving average of $39.35.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $994.79 million. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.Leonardo DRS’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, research analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is currently 34.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DRS shares. Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research report on Wednesday, February 25th. Truist Financial set a $59.00 target price on Leonardo DRS in a research note on Wednesday, February 25th. Finally, Weiss Ratings lowered Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Institutional Investors Weigh In On Leonardo DRS

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. True Wealth Design LLC lifted its position in Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after purchasing an additional 298 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Leonardo DRS by 91.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after acquiring an additional 275 shares during the period. Quarry LP grew its stake in shares of Leonardo DRS by 7,041.7% in the fourth quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after purchasing an additional 581 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares during the period. Institutional investors own 18.76% of the company’s stock.

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.