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

03 Apr 2026, 22:26 by Michael Walen · The Markets Daily

Leonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) EVP Sally Wallace sold 28,960 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $46.35, for a total value of $1,342,296.00. Following the transaction, the executive vice president owned 58,353 shares of the company’s stock, valued at approximately $2,704,661.55. This trade represents a 33.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Price Performance

Shares of Leonardo DRS stock remained flat at $46.30 during midday trading on Friday. 945,431 shares of the stock traded hands, compared to its average volume of 1,103,673. Leonardo DRS, Inc. has a twelve month low of $28.17 and a twelve month high of $49.31. The company’s fifty day moving average price is $42.84 and its 200 day moving average price is $39.72. The company has a market cap of $12.32 billion, a PE ratio of 44.95, a PEG ratio of 3.39 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 (NASDAQ:DRS – Get Free Report) last released 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 firm had revenue of $1.06 billion during the quarter. On average, sell-side analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRS. First Trust Advisors LP boosted its holdings in Leonardo DRS by 116.8% during the third 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 in the last quarter. Norges Bank bought a new position in shares of Leonardo DRS during the 4th quarter worth approximately $37,481,000. Millennium Management LLC boosted its stake in Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after buying an additional 1,071,708 shares in the last quarter. AQR Capital Management LLC grew its position in Leonardo DRS by 528.6% in the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock valued at $56,000,000 after acquiring an additional 1,070,870 shares during the period. Finally, Invesco Ltd. raised its stake in Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after acquiring an additional 870,772 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

DRS has been the topic of several research reports. Weiss Ratings upgraded Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a research report on Wednesday, February 25th. Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Truist Financial set a $59.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Finally, Bank of America lifted 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. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Get Our Latest Research Report on Leonardo DRS

Leonardo DRS Company Profile

(Get Free Report)

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.