Insider Selling: Leonardo DRS (NASDAQ:DRS) EVP Sells 28,960 Shares of Stock

Key Points

• Sally Wallace, EVP, sold 28,960 shares on April 2 at an average price of $46.35 for roughly $1.34M under a Rule 10b5-1 plan, reducing her stake by 33.17% to 58,353 shares.
• Leonardo DRS trades around $46.30 with a market cap of $12.32B and a P/E of 44.95, sits near its 52‑week high ($49.31), and carries a consensus "Moderate Buy" target of $51.
• The company reported $0.42 EPS on $1.06B in quarterly revenue and pays a quarterly dividend of $0.09 (0.8% yield; ~35% payout ratio).

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) EVP Sally Wallace sold 28,960 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $46.35, for a total value of $1,342,296.00. Following the completion of the transaction, the executive vice president owned 58,353 shares in the company, valued at $2,704,661.55. This trade represents a 33.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sally Wallace also recently made the following trade(s):

• On Monday, January 5th, Sally Wallace sold 1,300 shares of Leonardo DRS stock. The stock was sold at an average price of $35.17, for a total value of $45,721.00.

Leonardo DRS Stock Performance

Shares of Leonardo DRS stock remained flat at $46.30 during trading on Friday. The stock had a trading volume of 945,431 shares, compared to its average volume of 1,103,673. The company has a market capitalization of $12.32 billion, a PE ratio of 44.95, a P/E/G ratio of 3.39 and a beta of 0.43. 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 fifty-two week low of $28.17 and a fifty-two week high of $49.31. The business's fifty day moving average is $42.84 and its two-hundred day moving average is $39.72.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings data on Sunday, February 15th. The company reported $0.42 EPS for the quarter. The firm had revenue of $1.06 billion for the quarter. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%. On average, equities research analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS's dividend payout ratio is 34.95%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Leonardo DRS from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 20th. Morgan Stanley set a $47.00 price target on Leonardo DRS in a research report on Wednesday, February 25th. Truist Financial set a $59.00 price target on Leonardo DRS in a research note on Wednesday, February 25th. Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a report on Saturday, February 28th. Finally, Bank of America boosted their target price on Leonardo DRS from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, March 25th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Leonardo DRS currently has an average rating of "Moderate Buy" and a consensus target price of $51.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DRS. True Wealth Design LLC boosted its holdings in Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company's stock valued at $25,000 after acquiring an additional 298 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Leonardo DRS by 91.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company's stock worth $27,000 after purchasing an additional 275 shares during the period. Quarry LP lifted its position in shares of Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company's stock worth $29,000 after purchasing an additional 845 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Leonardo DRS by 564.1% during the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company's stock worth $31,000 after purchasing an additional 581 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company's stock valued at $34,000 after purchasing an additional 315 shares during the period. Institutional investors own 18.76% of the company's stock.

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.

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