Leonardo DRS, Inc. (NASDAQ:DRS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Leonardo DRS, Inc. (NASDAQ:DRS) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $51.00.

A number of analysts have recently weighed in on DRS shares. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Bank of America raised their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th. Finally, Truist Financial set a $59.00 target price on shares of Leonardo DRS in a research note on Wednesday, February 25th.

Insider Buying and Selling

In related news, SVP Pamela Morrow sold 12,000 shares of Leonardo DRS stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total value of $542,400.00. Following the completion of the sale, the senior vice president directly owned 6,494 shares in the company, valued at $293,528.80. This trade represents a 64.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Dippold sold 7,071 shares of Leonardo DRS stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $45.38, for a total transaction of $320,881.98. Following the completion of the sale, the chief financial officer owned 63,778 shares of the company’s stock, valued at $2,894,245.64. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 64,361 shares of company stock worth $2,944,837 in the last three months. Corporate insiders own 0.25% of the company’s stock.

Institutional Trading of Leonardo DRS

A number of institutional investors have recently bought and sold shares of the stock. Munro Partners raised its position in Leonardo DRS by 72.5% during the 3rd quarter. Munro Partners now owns 170,345 shares of the company’s stock worth $7,734,000 after buying an additional 71,590 shares during the last quarter. Stephens Investment Management Group LLC raised its position in Leonardo DRS by 20.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company’s stock worth $37,113,000 after buying an additional 139,531 shares during the last quarter. CWM LLC increased its holdings in shares of Leonardo DRS by 460.8% during the 3rd quarter. CWM LLC now owns 37,677 shares of the company’s stock valued at $1,711,000 after purchasing an additional 30,958 shares in the last quarter. Voya Investment Management LLC grew its stake in Leonardo DRS by 21.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company’s stock valued at $82,039,000 after acquiring an additional 317,294 shares during the period. Finally, First Trust Advisors LP grew its stake in Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after acquiring an additional 1,972,596 shares during the period. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Stock Down 1.6%

NASDAQ:DRS opened at $41.41 on Friday. Leonardo DRS has a fifty-two week low of $32.43 and a fifty-two week high of $49.31. The stock has a market capitalization of $11.01 billion, a P/E ratio of 40.20, a P/E/G ratio of 3.11 and a beta of 0.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.89. The company’s 50-day simple moving average is $44.47 and its 200-day simple moving average is $39.97.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Sunday, February 15th. The company reported $0.42 earnings per share for the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion for the quarter. On average, equities analysts anticipate that Leonardo DRS will post 1.27 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Leonardo DRS’s dividend payout ratio (DPR) is 34.95%.

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.