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

Shares of Leonardo DRS, Inc. (NASDAQ:DRSGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $52.00.

DRS has been the subject of several research reports. Weiss Ratings cut Leonardo DRS from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Canaccord Genuity Group lifted their price target on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Truist Financial raised Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Morgan Stanley set a $47.00 price target on Leonardo DRS in a report on Wednesday, February 25th.

Read Our Latest Stock Analysis on Leonardo DRS

Insider Buying and Selling

In other Leonardo DRS news, SVP Pamela Morrow sold 12,000 shares of Leonardo DRS stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total value of $542,400.00. Following the completion of the transaction, the senior vice president directly owned 6,494 shares of the company’s stock, valued at $293,528.80. The trade was a 64.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Dippold sold 7,071 shares of Leonardo DRS stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $45.38, for a total value of $320,881.98. Following the completion of the transaction, the chief financial officer directly owned 63,778 shares of the company’s stock, valued at $2,894,245.64. This 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. In the last ninety days, insiders sold 64,361 shares of company stock valued at $2,944,837. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC raised its holdings in Leonardo DRS by 20.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company’s stock valued at $37,113,000 after acquiring an additional 139,531 shares in the last quarter. First Trust Advisors LP raised its holdings 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 in the last quarter. Magnetar Financial LLC acquired a new position in Leonardo DRS in the 3rd quarter valued at $1,362,000. PFG Advisors acquired a new position in Leonardo DRS in the 3rd quarter valued at $1,484,000. Finally, Van ECK Associates Corp raised its holdings in Leonardo DRS by 9.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,820,059 shares of the company’s stock valued at $82,631,000 after acquiring an additional 154,792 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $41.50 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. Leonardo DRS has a 12 month low of $32.43 and a 12 month high of $49.31. The stock has a 50 day moving average of $44.29 and a 200-day moving average of $39.87. The company has a market capitalization of $11.07 billion, a P/E ratio of 38.79, a P/E/G ratio of 3.01 and a beta of 0.29.

Leonardo DRS (NASDAQ:DRSGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. As a group, equities research analysts predict that Leonardo DRS will post 1.3 EPS for the current year.

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 19th. Leonardo DRS’s dividend payout ratio (DPR) is presently 33.64%.

About Leonardo DRS

(Get Free Report)

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.

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Analyst Recommendations for Leonardo DRS (NASDAQ:DRS)

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