Leonardo DRS, Inc. (DRS) to Issue Quarterly Dividend of $0.09 on August 27th

Leonardo DRS, Inc. (NASDAQ:DRS) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Thursday, August 13th will be given a dividend of 0.09 per share on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th.

Leonardo DRS has a payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Leonardo DRS to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 24.8%.

Leonardo DRS Stock Up 0.6%

Shares of DRS opened at $45.05 on Tuesday. The business’s fifty day moving average price is $45.46 and its two-hundred day moving average price is $44.07. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.73 and a beta of 0.35. Leonardo DRS has a 52 week low of $32.43 and a 52 week high of $50.59. 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 (NASDAQ:DRS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $913.00 million during the quarter, compared to the consensus estimate of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. Leonardo DRS’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. On average, analysts predict that Leonardo DRS will post 1.39 earnings per share for the current year.

Insider Transactions at Leonardo DRS

In other news, EVP Jason Rinsky sold 3,864 shares of the firm’s stock in a transaction that occurred 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 directly owned 23,581 shares of the company’s stock, valued at $1,080,245.61. This trade represents a 14.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $65,000.00. Following the completion of the sale, the executive vice president owned 57,053 shares in the company, valued at $2,852,650. This trade represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 69,228 shares of company stock worth $3,171,794. 0.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DRS. Quarry LP boosted its stake in shares of Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after buying an additional 845 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Leonardo DRS during the second quarter valued at approximately $31,000. Edmond DE Rothschild Holding S.A. acquired a new position in Leonardo DRS during the second quarter valued at approximately $32,000. Leonteq Securities AG bought a new position in Leonardo DRS in the fourth quarter valued at approximately $34,000. Finally, Fifth Third Bancorp acquired a new position in shares of Leonardo DRS during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Company Profile

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.