Leonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) EVP Jason Rinsky sold 3,865 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $45.37, for a total transaction of $175,355.05. Following the completion of the transaction, the executive vice president directly owned 27,445 shares of the company’s stock, valued at approximately $1,245,179.65. The trade was a 12.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jason Rinsky also recently made the following trade(s):
- On Wednesday, June 3rd, Jason Rinsky sold 3,865 shares of Leonardo DRS stock. The stock was sold at an average price of $46.87, for a total transaction of $181,152.55.
Leonardo DRS Stock Down 1.7%
Leonardo DRS stock opened at $44.71 on Thursday. The stock’s fifty day simple moving average is $44.47 and its 200-day simple moving average is $42.76. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. Leonardo DRS, Inc. has a twelve month low of $32.43 and a twelve month high of $50.59. The firm has a market capitalization of $11.93 billion, a P/E ratio of 41.79, a P/E/G ratio of 3.28 and a beta of 0.36.
Leonardo DRS Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.09 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS’s payout ratio is currently 33.64%.
Institutional Trading of Leonardo DRS
Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Leonardo DRS in the 4th quarter valued at about $37,481,000. Stephens Investment Management Group LLC lifted its stake in Leonardo DRS by 107.6% in the first quarter. Stephens Investment Management Group LLC now owns 2,118,331 shares of the company’s stock valued at $94,308,000 after buying an additional 1,098,108 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Leonardo DRS by 152.1% in the third quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after acquiring an additional 1,071,708 shares during the period. AQR Capital Management LLC grew its position in shares of Leonardo DRS by 528.6% during the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after acquiring an additional 1,070,870 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Leonardo DRS by 566.2% in the 3rd quarter. UBS Group AG now owns 711,588 shares of the company’s stock valued at $32,306,000 after acquiring an additional 604,783 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.
Analysts Set New Price Targets
DRS has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Bank of America lifted their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Canaccord Genuity Group boosted their target price 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. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Leonardo DRS presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.
Check Out Our Latest Stock Analysis on 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.
Read More
- Five stocks we like better than Leonardo DRS
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Receive News & Ratings for Leonardo DRS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leonardo DRS and related companies with MarketBeat.com's FREE daily email newsletter.
