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

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 7,071 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $45.38, for a total value of $320,881.98. Following the completion of the transaction, the chief financial officer directly owned 63,778 shares of the company’s stock, valued at approximately $2,894,245.64. The trade was a 9.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $37.00, for a total value of $391,756.00.

Leonardo DRS Stock Performance

Leonardo DRS stock opened at $46.30 on Friday. The business has a 50 day moving average of $42.95 and a 200-day moving average of $39.74. The company has a market capitalization of $12.32 billion, a P/E ratio of 44.95, a P/E/G ratio of 3.42 and a beta of 0.43. Leonardo DRS, Inc. has a 1 year low of $28.17 and a 1 year 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.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Sunday, February 15th. The company reported $0.42 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 for the quarter. On average, equities research analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

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

Hedge Funds Weigh In On Leonardo DRS

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Leonardo DRS by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 7,717,551 shares of the company’s stock valued at $263,091,000 after acquiring an additional 34,858 shares during the last quarter. State Street Corp raised its position in shares of Leonardo DRS by 4.0% in the 4th quarter. State Street Corp now owns 3,988,403 shares of the company’s stock worth $135,965,000 after acquiring an additional 153,697 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Leonardo DRS by 30.1% in the 2nd quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock valued at $175,144,000 after purchasing an additional 870,772 shares during the period. First Trust Advisors LP lifted its stake in shares of Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after purchasing an additional 1,972,596 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Leonardo DRS by 77.1% during the 4th quarter. AQR Capital Management LLC now owns 2,255,400 shares of the company’s stock valued at $76,887,000 after purchasing an additional 981,956 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DRS shares. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research note on Wednesday, February 25th. Bank of America lifted 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. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Finally, Truist Financial set a $59.00 price objective on Leonardo DRS in a research report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

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.