Leonardo DRS, Inc. (NASDAQ:DRS) Plans Quarterly Dividend of $0.09

Leonardo DRS, Inc. (NASDAQ:DRS) announced a quarterly dividend on Thursday, February 20th,RTT News reports. Shareholders of record on Thursday, March 13th will be given a dividend of 0.09 per share on Thursday, March 27th. This represents a $0.36 annualized dividend and a yield of 1.22%.

Leonardo DRS Trading Up 0.5 %

NASDAQ DRS opened at $29.54 on Thursday. The stock has a 50-day moving average of $33.73 and a 200-day moving average of $31.49. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. Leonardo DRS has a 1-year low of $19.88 and a 1-year high of $37.99. The firm has a market cap of $7.81 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Thursday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. As a group, sell-side analysts forecast that Leonardo DRS will post 0.92 EPS for the current year.

Insider Transactions at Leonardo DRS

In related news, COO John Baylouny sold 3,529 shares of Leonardo DRS stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total value of $112,575.10. Following the completion of the sale, the chief operating officer now directly owns 78,334 shares in the company, valued at approximately $2,498,854.60. This trade represents a 4.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Salzman sold 3,477 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $34.59, for a total transaction of $120,269.43. Following the transaction, the director now owns 13,262 shares in the company, valued at $458,732.58. This represents a 20.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,089 shares of company stock valued at $5,178,619. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DRS. Robert W. Baird increased their target price on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Truist Financial lifted their price objective on Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their target price on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.00.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.