Leonardo DRS (NASDAQ:DRS) Director Purchases $1,069,250.00 in Stock
by Renee Jackson · The Cerbat GemLeonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) Director Reuben Jeffery III purchased 25,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $42.77 per share, with a total value of $1,069,250.00. Following the completion of the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at approximately $1,069,250. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Leonardo DRS Price Performance
Shares of NASDAQ:DRS traded down $0.03 during trading on Tuesday, hitting $42.81. 724,726 shares of the company were exchanged, compared to its average volume of 1,167,484. The business’s 50 day moving average is $44.24 and its 200-day moving average is $39.87. The company has a market capitalization of $11.42 billion, a P/E ratio of 40.01, a price-to-earnings-growth ratio of 2.99 and a beta of 0.29. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a 1-year low of $32.43 and a 1-year high of $49.31.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Equities analysts forecast that Leonardo DRS, Inc. will post 1.3 earnings per share for the current year.
Leonardo DRS Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is currently 33.64%.
Institutional Trading of Leonardo DRS
Large investors have recently bought and sold shares of the business. Quarry LP grew its holdings in 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 acquiring an additional 845 shares during the period. Clearstead Advisors LLC grew its holdings in 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 acquiring an additional 581 shares during the period. Leonteq Securities AG acquired a new stake in Leonardo DRS during the 4th quarter worth about $34,000. Allworth Financial LP grew its holdings in Leonardo DRS by 504.1% during the 3rd quarter. Allworth Financial LP now owns 882 shares of the company’s stock worth $40,000 after acquiring an additional 736 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in Leonardo DRS during the 1st quarter worth about $41,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Bank of America boosted their price objective 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. Weiss Ratings cut shares of Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group boosted their price objective 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, Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.
Read Our Latest Analysis on Leonardo DRS
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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