Insider Selling: Leonardo DRS (NASDAQ:DRS) CFO Sells 19,360 Shares of Stock

Key Points

• Leonardo DRS CFO Michael Dippold sold 19,360 shares at an average price of $41.65, resulting in a total sale value of $806,344 and a 24.76% decrease in his holding.
• The company has set its FY 2025 earnings guidance at 1.060-1.110 EPS, while analysts expect 1.04 EPS for the current year.
• Leonardo DRS recently declared a quarterly dividend of $0.09 per share, reflecting an annualized dividend yield of 0.9% and a dividend payout ratio of 38.71%.

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) CFO Michael Dippold sold 19,360 shares of Leonardo DRS stock in a transaction on Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the completion of the transaction, the chief financial officer owned 58,834 shares in the company, valued at approximately $2,450,436.10. This trade represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Leonardo DRS Stock Performance

NASDAQ:DRS traded down $1.14 during midday trading on Friday, reaching $41.44. The stock had a trading volume of 2,145,888 shares, compared to its average volume of 854,125. The firm has a fifty day simple moving average of $43.23 and a two-hundred day simple moving average of $40.40. Leonardo DRS, Inc. has a 12-month low of $26.75 and a 12-month high of $49.31. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The stock has a market cap of $11.03 billion, a P/E ratio of 40.55, a P/E/G ratio of 2.22 and a beta of 0.63.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The firm had revenue of $829.00 million for the quarter, compared to analyst estimates of $824.50 million. During the same period last year, the firm posted $0.18 EPS. Leonardo DRS's quarterly revenue was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. On average, equities analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Leonardo DRS's dividend payout ratio (DPR) is 38.71%.

Institutional Investors Weigh In On Leonardo DRS

Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Leonardo DRS during the 2nd quarter worth about $26,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company's stock worth $27,000 after purchasing an additional 275 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Leonardo DRS by 92.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company's stock valued at $42,000 after buying an additional 611 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in Leonardo DRS in the 1st quarter valued at $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Leonardo DRS in the 1st quarter valued at $50,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DRS. Wall Street Zen downgraded Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Canaccord Genuity Group started coverage on Leonardo DRS in a report on Monday, August 11th. They issued a "buy" rating and a $50.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Truist Financial boosted their target price on Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, The Goldman Sachs Group initiated coverage on Leonardo DRS in a research report on Monday, June 30th. They set a "buy" rating and a $49.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Leonardo DRS currently has an average rating of "Moderate Buy" and an average target price of $46.75.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.