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

Leonardo DRS, Inc. (NASDAQ:DRS) declared 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. Leonardo DRS has a one year low of $19.88 and a one year high of $37.99. The business has a fifty day moving average price of $33.73 and a 200-day moving average price of $31.49. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. Sell-side analysts forecast that Leonardo DRS will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of Leonardo DRS stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $34.07, for a total value of $1,533,150.00. Following the completion of the transaction, the chief executive officer now directly owns 234,937 shares of the company’s stock, valued at $8,004,303.59. This trade represents a 16.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric Salzman sold 3,477 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $34.59, for a total transaction of $120,269.43. Following the completion of the sale, the director now owns 13,262 shares in the company, valued at approximately $458,732.58. This trade represents a 20.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 150,089 shares of company stock valued at $5,178,619 in the last quarter. 0.12% of the stock is currently owned by insiders.

About Leonardo DRS

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.