Jason Rinsky Sells 3,864 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Jason Rinsky sold 3,864 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $45.81, for a total value 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 approximately $1,080,245.61. This trade represents a 14.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jason Rinsky also recently made the following trade(s):

• On Tuesday, July 7th, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The shares were sold at an average price of $45.37, for a total value of $175,355.05.
• On Wednesday, June 3rd, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The shares were sold at an average price of $46.87, for a total value of $181,152.55.

Leonardo DRS Price Performance

Leonardo DRS stock traded down $0.65 during midday trading on Wednesday, reaching $44.62. 1,500,893 shares of the company were exchanged, compared to its average volume of 1,126,028. The firm’s 50-day simple moving average is $45.66 and its 200-day simple moving average is $44.01. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $50.59. The company has a market capitalization of $11.91 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 2.77 and a beta of 0.35. 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 released its earnings results on Thursday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The company had revenue of $913.00 million for the quarter, compared to analyst estimates of $903.27 million. During the same period in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.340-1.390 EPS. On average, analysts anticipate that Leonardo DRS, Inc. will post 1.4 EPS for the current year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is presently 30.25%.

Wall Street Analysts Forecast Growth

DRS has been the subject of several recent analyst reports. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group lifted their price objective on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings raised Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.60.

Hedge Funds Weigh In On Leonardo DRS

A number of hedge funds have recently made changes to their positions in DRS. Norges Bank purchased a new stake in shares of Leonardo DRS during the 4th quarter valued at $37,481,000. Stephens Investment Management Group LLC boosted its holdings in Leonardo DRS by 107.6% in the first quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock valued at $94,308,000 after acquiring an additional 1,098,108 shares during the last quarter. Millennium Management LLC boosted its holdings in Leonardo DRS by 152.1% in the third quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after acquiring an additional 1,071,708 shares during the last quarter. AQR Capital Management LLC grew its position in Leonardo DRS by 528.6% during the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock valued at $56,000,000 after acquiring an additional 1,070,870 shares during the period. Finally, UBS Group AG grew its position in Leonardo DRS by 566.2% during the third quarter. UBS Group AG now owns 711,588 shares of the company’s stock valued at $32,306,000 after acquiring an additional 604,783 shares during the period. Institutional investors and hedge funds 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.