Leonardo DRS (NASDAQ:DRS) SVP Sells $521,025.85 in Stock

by · The Cerbat Gem

Leonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) SVP Pamela Morrow sold 11,545 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $45.13, for a total transaction of $521,025.85. Following the completion of the sale, the senior vice president owned 10,551 shares in the company, valued at $476,166.63. This represents a 52.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Pamela Morrow also recently made the following trade(s):

  • On Tuesday, March 3rd, Pamela Morrow sold 12,000 shares of Leonardo DRS stock. The stock was sold at an average price of $45.20, for a total transaction of $542,400.00.

Leonardo DRS Price Performance

Shares of NASDAQ:DRS traded up $3.06 during midday trading on Thursday, reaching $48.41. 1,796,923 shares of the company’s stock were exchanged, compared to its average volume of 1,159,002. The company’s 50 day simple moving average is $44.03 and its two-hundred day simple moving average is $40.28. The firm has a market capitalization of $12.91 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 3.30 and a beta of 0.29. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $49.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.52 and a current ratio of 1.86.

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

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is currently 33.64%.

Hedge Funds Weigh In On Leonardo DRS

A number of institutional investors have recently modified their holdings of the stock. Ruggaard & Associates LLC bought a new position in shares of Leonardo DRS in the first quarter worth about $211,000. Essential Partners LLC raised its stake in shares of Leonardo DRS by 68.7% in the first quarter. Essential Partners LLC now owns 1,302 shares of the company’s stock worth $58,000 after acquiring an additional 530 shares during the last quarter. Amundi raised its stake in shares of Leonardo DRS by 4.4% in the first quarter. Amundi now owns 12,124 shares of the company’s stock worth $540,000 after acquiring an additional 507 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Leonardo DRS by 51.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,798 shares of the company’s stock worth $80,000 after acquiring an additional 607 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Leonardo DRS by 29.2% in the first quarter. California State Teachers Retirement System now owns 97,598 shares of the company’s stock worth $4,345,000 after acquiring an additional 22,031 shares during the last quarter. 18.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Morgan Stanley set a $47.00 price target on shares of Leonardo DRS in a report on Wednesday, February 25th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Bank of America lifted their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Check Out Our Latest Stock Report on DRS

About Leonardo DRS

(Get Free Report)

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.

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