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

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

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 transaction of $391,756.00.

Leonardo DRS Stock Up 1.8%

Leonardo DRS stock opened at $46.44 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. Leonardo DRS, Inc. has a 1-year low of $28.17 and a 1-year high of $49.31. The firm’s fifty day simple moving average is $42.05 and its 200-day simple moving average is $39.43. The company has a market capitalization of $12.35 billion, a P/E ratio of 45.09, a P/E/G ratio of 2.27 and a beta of 0.41.

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

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is currently 34.95%.

Hedge Funds Weigh In On Leonardo DRS

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Leonardo DRS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock worth $1,441,000 after acquiring an additional 1,922 shares during the period. Millennium Management LLC increased its position in shares of Leonardo DRS by 29.0% during the first quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock valued at $12,157,000 after purchasing an additional 83,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Leonardo DRS by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock valued at $4,882,000 after purchasing an additional 12,712 shares during the period. Intech Investment Management LLC raised its stake in shares of Leonardo DRS by 18.6% in the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after purchasing an additional 7,625 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Leonardo DRS in the first quarter worth $225,000. 18.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.