Michael Dippold Sells 20,317 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 20,317 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $37.18, for a total value of $755,386.06. Following the completion of the transaction, the chief financial officer directly owned 35,143 shares in the company, valued at approximately $1,306,616.74. The trade was a 36.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 8th, Michael Dippold sold 8,318 shares of Leonardo DRS stock. The shares were sold at an average price of $46.48, for a total transaction of $386,620.64.

Leonardo DRS Price Performance

DRS opened at $36.60 on Friday. The company has a market capitalization of $9.77 billion, a P/E ratio of 30.76, a PEG ratio of 2.23 and a beta of 0.35. The company has a 50-day moving average of $43.38 and a 200-day moving average of $44.12. 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 1-year low of $32.43 and a 1-year high of $50.59.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. The business had revenue of $913.00 million for the quarter, compared to analysts’ expectations of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 earnings per share. Equities analysts expect that Leonardo DRS, Inc. will post 1.39 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, August 13th. Leonardo DRS’s dividend payout ratio (DPR) is currently 30.25%.

Hedge Funds Weigh In On Leonardo DRS

A number of hedge funds and other institutional investors have recently bought and sold shares of DRS. Corient Private Wealth LP acquired a new stake in shares of Leonardo DRS during the 2nd quarter worth approximately $940,000. Amundi boosted its position in Leonardo DRS by 191.2% during the 2nd quarter. Amundi now owns 35,300 shares of the company’s stock valued at $1,506,000 after purchasing an additional 23,176 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Leonardo DRS during the 2nd quarter valued at approximately $1,978,000. California State Teachers Retirement System grew its stake in Leonardo DRS by 3,937.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,940,831 shares of the company’s stock worth $168,155,000 after buying an additional 3,843,233 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Leonardo DRS in the second quarter worth $309,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DRS has been the subject of a number of research analyst reports. Weiss Ratings upgraded Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.60.

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.