Leonardo DRS (NASDAQ:DRS) EVP Jason Rinsky Sells 3,865 Shares

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

Leonardo DRS Stock Up 2.4%

Shares of Leonardo DRS stock traded up $1.10 on Thursday, reaching $46.71. The stock had a trading volume of 765,225 shares, compared to its average volume of 1,149,336. The company has a 50 day moving average price of $44.28 and a 200 day moving average price of $40.72. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $49.31. The stock has a market capitalization of $12.46 billion, a P/E ratio of 43.65, a P/E/G ratio of 3.42 and a beta of 0.34.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $825.05 million. During the same quarter in the previous year, the firm earned $0.20 EPS. The company’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. As a group, equities research analysts forecast that Leonardo DRS, Inc. will post 1.3 EPS for the current year.

Leonardo DRS Dividend Announcement

The business 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 was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS’s dividend payout ratio (DPR) is 33.64%.

Analysts Set New Price Targets

DRS has been the subject of several research reports. Weiss Ratings cut shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group boosted their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Bank of America upped their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Finally, Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quarry LP lifted its position 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 purchasing an additional 845 shares in the last quarter. Clearstead Advisors LLC increased its stake 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 during the period. Leonteq Securities AG purchased a new stake in shares of Leonardo DRS during the fourth quarter worth approximately $34,000. Allworth Financial LP increased its stake 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 during the period. Finally, Fifth Third Bancorp purchased a new position in Leonardo DRS in the first quarter valued at approximately $41,000. Institutional investors and hedge funds 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.