Sally Wallace Sells 28,960 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) EVP Sally Wallace sold 28,960 shares of Leonardo DRS stock in a transaction on 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 sale, the executive vice president owned 58,353 shares in the company, valued at $2,704,661.55. This represents a 33.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $35.17, for a total value of $45,721.00.

Leonardo DRS Stock Performance

NASDAQ DRS opened at $46.30 on Friday. The stock has a market cap of $12.32 billion, a PE ratio of 44.95, a P/E/G ratio of 3.42 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 twelve month low of $28.17 and a twelve month high of $49.31. The stock has a fifty day simple moving average of $42.95 and a 200-day simple moving average of $39.74.

Leonardo DRS (NASDAQ:DRS) 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 firm had revenue of $1.06 billion for the quarter. Equities analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

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

Institutional Investors Weigh In On Leonardo DRS

Several large investors have recently added to or reduced their stakes in the business. True Wealth Design LLC grew its stake in shares of Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after acquiring an additional 298 shares in the last quarter. Steward Partners Investment Advisory LLC raised 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 valued at $27,000 after acquiring an additional 275 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after acquiring an additional 581 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Leonardo DRS by 72.2% in the third 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. Finally, Quarry LP boosted its holdings in Leonardo DRS by 7,041.7% in the fourth 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. 18.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DRS has been the subject of a number of research analyst reports. Truist Financial set a $59.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th. Bank of America boosted their target price on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research 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, Morgan Stanley set a $47.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.