Leonardo DRS, Inc. (NASDAQ:DRS) Receives $50.33 Consensus Price Target from Analysts

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $51.00.

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

Leonardo DRS Stock Performance

NASDAQ DRS opened at $44.84 on Monday. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 3.31 and a beta of 0.41. The stock has a 50-day moving average of $42.59 and a 200 day moving average of $39.60. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. Leonardo DRS has a twelve month low of $28.17 and a twelve month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.42 EPS for the quarter. The company had revenue of $1.06 billion for the quarter. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%. Sell-side analysts anticipate that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, March 10th. Leonardo DRS’s payout ratio is presently 34.95%.

Insiders Place Their Bets

In other news, EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction that occurred 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 $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Dippold sold 16,330 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $45.27, for a total value of $739,259.10. Following the sale, the chief financial officer owned 26,622 shares of the company’s stock, valued at $1,205,177.94. The trade was a 38.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 40,218 shares of company stock worth $1,719,136. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Leonardo DRS

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRS. Munro Partners lifted its stake in shares of Leonardo DRS by 72.5% in the third quarter. Munro Partners now owns 170,345 shares of the company’s stock worth $7,734,000 after buying an additional 71,590 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in Leonardo DRS by 20.6% during the third quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company’s stock worth $37,113,000 after acquiring an additional 139,531 shares during the last quarter. CWM LLC grew its stake in 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 acquiring an additional 30,958 shares in the last quarter. Invesco Ltd. raised its holdings in Leonardo DRS by 30.1% in the 2nd quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock valued at $175,144,000 after acquiring an additional 870,772 shares during the last quarter. Finally, Voya Investment Management LLC lifted 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 worth $82,039,000 after purchasing an additional 317,294 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

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.