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 the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $41.65, for a total value of $806,344.00. Following the completion of the sale, the chief financial officer directly owned 58,834 shares in the company, valued at approximately $2,450,436.10. This represents a 24.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Leonardo DRS Price Performance

Shares of DRS stock traded down $0.06 during trading hours on Monday, reaching $42.01. The company's stock had a trading volume of 815,356 shares, compared to its average volume of 1,035,886. The firm's 50 day simple moving average is $43.60 and its 200-day simple moving average is $40.22. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 2.19 and a beta of 0.63. Leonardo DRS, Inc. has a fifty-two week low of $26.75 and a fifty-two week 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.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its earnings results 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. The firm had revenue of $829.00 million for the quarter, compared to the consensus estimate of $824.50 million. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The company's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Sell-side analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group initiated coverage on Leonardo DRS in a report on Monday, June 30th. They set a "buy" rating and a $49.00 price objective on the stock. Morgan Stanley raised their target price on Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Truist Financial raised their target price on Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Canaccord Genuity Group initiated coverage on Leonardo DRS in a research report on Monday, August 11th. They set a "buy" rating and a $50.00 target price for the company. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.75.

Institutional Trading of Leonardo DRS

Several large investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in shares of Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company's stock valued at $27,000 after buying an additional 275 shares during the period. Osaic Holdings Inc. boosted its stake in Leonardo DRS by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company's stock valued at $111,000 after purchasing an additional 347 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Leonardo DRS by 4.0% during the 1st quarter. Hsbc Holdings PLC now owns 9,191 shares of the company's stock valued at $298,000 after purchasing an additional 357 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its stake in Leonardo DRS by 7.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 7,169 shares of the company's stock valued at $333,000 after purchasing an additional 514 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Leonardo DRS by 2.9% during the 2nd quarter. Bank of Montreal Can now owns 19,340 shares of the company's stock valued at $899,000 after purchasing an additional 546 shares during the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Company Profile

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.

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