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

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $51.00.

A number of brokerages have recently commented on DRS. Bank of America lifted their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial set a $59.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Morgan Stanley set a $47.00 price target on Leonardo DRS in a research report on Wednesday, February 25th. Finally, Wall Street Zen cut Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th.

Insiders Place Their Bets

In other Leonardo DRS news, SVP Pamela Morrow sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total transaction of $542,400.00. Following the completion of the transaction, the senior vice president owned 6,494 shares in the company, valued at approximately $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 can be accessed through this link. Also, CFO Michael Dippold sold 16,330 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $45.27, for a total transaction of $739,259.10. Following the completion of the sale, the chief financial officer directly owned 26,622 shares in the company, valued at approximately $1,205,177.94. This represents a 38.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 40,218 shares of company stock worth $1,719,136. 0.34% of the stock is currently owned by insiders.

Institutional Trading of Leonardo DRS

A number of institutional investors have recently bought and sold shares of DRS. True Wealth Design LLC raised its position in shares of Leonardo DRS by 122.6% in the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after acquiring an additional 298 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after purchasing an additional 275 shares in the last quarter. Quarry LP boosted its position in shares of Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares in the last quarter. Clearstead Advisors LLC grew its stake in Leonardo DRS by 564.1% during the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after purchasing an additional 581 shares during the period. Finally, GAMMA Investing LLC grew its stake in Leonardo DRS by 72.2% during the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 315 shares during the period. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Down 3.6%

Shares of NASDAQ DRS opened at $44.84 on Monday. The company has a 50 day simple moving average of $42.59 and a 200 day simple moving average of $39.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.89 and a quick ratio of 1.60. Leonardo DRS has a 1 year low of $28.17 and a 1 year high of $49.31. The firm has a market cap of $11.93 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 3.44 and a beta of 0.41.

Leonardo DRS (NASDAQ:DRS) last posted its 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 firm had revenue of $1.06 billion for the quarter. On average, research analysts forecast that Leonardo DRS will post 1.04 EPS for the current year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Leonardo DRS’s dividend payout ratio is currently 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.