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Lynn William III, the Chief Executive Officer of Leonardo DRS, Inc. (NASDAQ:DRS), a defense technology company with a market capitalization of $9.3 billion, recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On March 18, 2025, William sold 45,000 shares of Leonardo DRS at a weighted average price of $32.70 per share, amounting to a total value of $1.47 million. The stock, which InvestingPro analysis indicates is currently overvalued, has risen nearly 59% over the past year.
Earlier, on March 17, William acquired shares through multiple transactions, including performance and restricted stock units, as part of the company’s 2022 Omnibus Equity Compensation Plan. These transactions involved the acquisition of 153,103, 145,086, and 60,452 shares, respectively, at no cost. Following these acquisitions, the company withheld 72,198, 72,689, and 30,287 shares to satisfy tax withholding requirements, valued at approximately $5.8 million in total, at a price of $33.13 per share. The stock currently trades at $34.97, with analysts setting price targets ranging from $33 to $42.
These sales were conducted under a Rule 10b5-1 trading plan that William adopted on August 27, 2024. After the transactions, William holds 328,404 shares of Leonardo DRS. According to InvestingPro, the company maintains a "GOOD" overall financial health score, with particularly strong momentum metrics. Get access to the full Leonardo DRS research report and 12+ exclusive ProTips through InvestingPro’s comprehensive analysis platform.
In other recent news, Leonardo DRS has delivered its first Integrated Voice Communication Systems (IVCS) to the U.S. Navy for the Arleigh Burke DDG51-class destroyers. These systems aim to enhance mission-critical ship-wide communications by integrating various channels, including ship’s announcing systems, shore lines, and radio circuits. This delivery underscores Leonardo DRS’s ongoing commitment to supporting the U.S. Navy with advanced communication technologies. In another development, BTIG analyst Andre Madrid has increased the price target for Leonardo DRS to $40, up from $38, while maintaining a Buy rating. This decision follows Leonardo DRS’s robust fourth-quarter results for 2024, which exceeded both the company’s outlook and consensus expectations. The company’s record backlog of $8.5 billion provides significant revenue visibility and supports an organic growth projection of 6-9%. Madrid highlighted the company’s strong positioning within the defense industry, particularly with its involvement in priority programs like the Columbia-class submarine. These recent developments reflect confidence in Leonardo DRS’s future prospects and value.
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