Leonardo DRS, Inc. (NASDAQ:DRS) Receives $47.14 Consensus Target Price from Analysts

Leonardo DRS, Inc. (NASDAQ:DRS) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $47.1429.

DRS has been the subject of a number of analyst reports. Zacks Research lowered Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Truist Financial set a $54.00 price objective on Leonardo DRS in a research note on Friday, January 9th. Morgan Stanley set a $40.00 target price on Leonardo DRS in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Leonardo DRS from a “buy” rating to a “hold” rating in a report on Friday, January 23rd.

Insider Activity at Leonardo DRS

In related news, CFO Michael Dippold sold 10,588 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $37.00, for a total value of $391,756.00. Following the completion of the transaction, the chief financial officer directly owned 42,952 shares in the company, valued at approximately $1,589,224. This represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Sally Wallace sold 1,300 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $35.17, for a total value of $45,721.00. Following the sale, the executive vice president directly owned 58,353 shares of the company’s stock, valued at approximately $2,052,275.01. This trade represents a 2.18% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

A number of hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Leonardo DRS by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after buying an additional 1,922 shares during the period. Millennium Management LLC increased its position in shares of Leonardo DRS by 29.0% during the first quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock valued at $12,157,000 after acquiring an additional 83,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Leonardo DRS by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock valued at $4,882,000 after acquiring an additional 12,712 shares during the period. Intech Investment Management LLC raised its stake in shares of Leonardo DRS by 18.6% in the 1st quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after acquiring an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Leonardo DRS in the 1st quarter worth approximately $225,000. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Leonardo DRS Stock Up 2.6%

Shares of NASDAQ DRS opened at $41.51 on Friday. The stock has a market cap of $11.04 billion, a PE ratio of 42.36, a P/E/G ratio of 2.01 and a beta of 0.45. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12. Leonardo DRS has a 12-month low of $28.17 and a 12-month high of $49.31. The company has a 50-day moving average of $36.95 and a 200 day moving average of $39.54.

Leonardo DRS Company Profile

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.