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

Leonardo DRS, Inc. (NASDAQ:DRS) SVP Pamela Morrow sold 11,545 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total value of $521,025.85. Following the sale, the senior vice president owned 10,551 shares in the company, valued at approximately $476,166.63. This represents a 52.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $542,400.00.

Leonardo DRS Stock Up 0.7%

Shares of NASDAQ DRS opened at $48.76 on Friday. Leonardo DRS, Inc. has a 12 month low of $32.43 and a 12 month high of $49.31. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 3.52 and a beta of 0.29. The business has a 50-day moving average of $44.14 and a 200-day moving average of $40.43.

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

Leonardo DRS Dividend Announcement

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

Wall Street Analyst Weigh In

DRS has been the subject of several recent analyst reports. Canaccord Genuity Group boosted their price objective on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Bank of America boosted their price objective on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Truist Financial raised Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. One equities research 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. According to MarketBeat.com, Leonardo DRS has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Institutional Trading of Leonardo DRS

A number of institutional investors have recently made changes to their positions in DRS. Quarry LP boosted its stake in shares of Leonardo DRS by 7,041.7% during the fourth quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the period. Clearstead Advisors LLC boosted 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 valued at $31,000 after purchasing an additional 581 shares during the period. Leonteq Securities AG purchased a new stake in shares of Leonardo DRS during the fourth quarter valued at approximately $34,000. Allworth Financial LP boosted 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 valued at $40,000 after purchasing an additional 736 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in shares of Leonardo DRS during the first quarter valued at approximately $41,000. Hedge funds and other institutional investors 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.