Michael Dippold Sells 7,071 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Key Points

• CFO Michael Dippold sold 7,071 shares of Leonardo DRS on April 2 at an average price of $45.38 under a pre-arranged Rule 10b5-1 plan, leaving him with 63,778 shares (a 9.98% reduction).
• That sale is part of a recent insider selling trend—Dippold sold a total of 33,989 shares since January (including sales on March 16 and Jan 5), totaling roughly $1.45 million in proceeds.
• Leonardo DRS shares traded near $46.30 with a 52-week range of $28.17–$49.31; the company has a $12.32B market cap, a PE of 44.95, a quarterly dividend of $0.09 (0.8% yield), and a consensus analyst rating of “Moderate Buy” with a $51 target.

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) CFO Michael Dippold sold 7,071 shares of the business's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $45.38, for a total value of $320,881.98. Following the sale, the chief financial officer owned 63,778 shares in the company, valued at $2,894,245.64. This represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dippold also recently made the following trade(s):

• On Monday, March 16th, Michael Dippold sold 16,330 shares of Leonardo DRS stock. The shares were sold at an average price of $45.27, for a total value of $739,259.10.
• On Monday, January 5th, Michael Dippold sold 10,588 shares of Leonardo DRS stock. The shares were sold at an average price of $37.00, for a total value of $391,756.00.

Leonardo DRS Stock Performance

Shares of NASDAQ:DRS remained flat at $46.30 during midday trading on Friday. The stock had a trading volume of 945,431 shares, compared to its average volume of 1,103,673. The business's 50 day simple moving average is $42.84 and its 200-day simple moving average is $39.72. Leonardo DRS, Inc. has a 52 week low of $28.17 and a 52 week high of $49.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.60. The firm has a market cap of $12.32 billion, a PE ratio of 44.95, a price-to-earnings-growth ratio of 3.39 and a beta of 0.43.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.42 earnings per share (EPS) for the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion during the quarter. As a group, sell-side analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Dividend Announcement

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

Institutional Trading of Leonardo DRS

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

Analyst Upgrades and Downgrades

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

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.

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