Leonardo DRS (NASDAQ:DRS) SVP Pamela Morrow Sells 11,545 Shares

Key Points

• Insider sale: Leonardo DRS SVP Pamela Morrow sold 11,545 shares on May 27 at an average price of $45.13, totaling about $521,026. After the sale, she still held 10,551 shares, a 52.25% reduction in her position.
• Stock performance and earnings: DRS shares rose 6.7% to $48.41, near the stock’s 52-week high of $49.31. The company also beat quarterly expectations, reporting $0.26 EPS versus $0.21 expected on revenue of $846 million, up 5.9% year over year.
• Dividend and analyst outlook: Leonardo DRS declared a quarterly dividend of $0.09 per share, payable June 2, for an annualized yield of 0.7%. Analysts currently rate the stock a Moderate Buy with a consensus price target of $52.00.

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) SVP Pamela Morrow sold 11,545 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total transaction of $521,025.85. Following the completion of the sale, the senior vice president owned 10,551 shares of the company's stock, valued at approximately $476,166.63. This trade represents a 52.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 transaction of $542,400.00.

Leonardo DRS Stock Up 6.7%

DRS stock traded up $3.06 during midday trading on Thursday, reaching $48.41. The company had a trading volume of 1,796,923 shares, compared to its average volume of 1,159,002. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year 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 company has a market capitalization of $12.91 billion, a P/E ratio of 45.24, a PEG ratio of 3.30 and a beta of 0.29. The company has a 50 day moving average of $44.03 and a two-hundred day moving average of $40.28.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company's revenue was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, equities research analysts expect that Leonardo DRS, Inc. will post 1.3 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a $0.09 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.7%. Leonardo DRS's dividend payout ratio is presently 33.64%.

Analysts Set New Price Targets

DRS has been the subject of a number of research analyst reports. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research report on Wednesday, February 25th. Bank of America increased their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, March 25th. Truist Financial upgraded shares of Leonardo DRS to a "strong-buy" rating in a research note on Friday, May 1st. Canaccord Genuity Group increased their price target on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Leonardo DRS from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Institutional Trading of Leonardo DRS

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its position in Leonardo DRS by 1.6% in the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company's stock worth $665,000 after purchasing an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company's stock worth $246,000 after purchasing an additional 322 shares during the last quarter. Arizona State Retirement System grew its position in Leonardo DRS by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 23,616 shares of the company's stock worth $1,072,000 after purchasing an additional 327 shares during the last quarter. Osaic Holdings Inc. grew its position in Leonardo DRS by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company's stock worth $111,000 after purchasing an additional 347 shares during the last quarter. Finally, Stephens Inc. AR grew its position in Leonardo DRS by 3.3% in the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company's stock worth $415,000 after purchasing an additional 389 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 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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