Jason Rinsky, Executive Vice President Chief Tax and Treasury at Leonardo DRS, Inc. (NASDAQ:DRS), sold common stock totaling $181,152 on June 3, 2026.
The transaction involved 3,865 shares of Leonardo DRS common stock at a price of $46.87 per share. These sales were executed under a Rule 10b5-1 trading plan, which Mr. Rinsky adopted on March 4, 2026.
Following this transaction, Mr. Rinsky directly holds 31,310 shares of the company’s common stock.The sale comes as Leonardo DRS shares have surged 33% over the past six months, trading at $46.71. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, with the company trading at a P/E ratio of 43.6. The defense contractor maintains a "GREAT" financial health score of 3.05, and InvestingPro subscribers have access to 15 additional exclusive tips, including insights on analyst earnings revisions and the company’s comprehensive Pro Research Report.
In other recent news, Leonardo DRS reported strong financial results for the first quarter of fiscal year 2026. The company achieved an adjusted earnings per share (EPS) of $0.26, representing a 30% increase compared to the previous year. Revenue also saw a boost, reaching $846 million, which marks a 6% growth from the prior year. These financial results surpassed analysts’ expectations, highlighting the company’s robust performance. Additionally, Leonardo DRS launched the Tenum 640 Orbit, a thermal camera module designed for unmanned platforms, during SOF Week in Tampa, Florida. The camera uses uncooled long-wave infrared technology and is intended for integration into various unmanned vehicles. These recent developments underscore Leonardo DRS’s ongoing commitment to innovation and growth in the defense sector.Leonardo DRS IncFollowAnalyze DRSIncluded in our AI-picked strategies·Review strategies46.71▲+1.10(+2.41%)Closed46.80▲+0.09(+0.19%)After Hours·16:25:481D1W1M6M1Y5YMaxAnalyze DRSThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Is DRS a bargain right now?The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for DRS plus thousands of other stocks and find your next hidden gem with massive upside.See Undervalued Stocks