Leonardo DRS, Inc. (NASDAQ:DRS) Given Average Rating of “Moderate Buy” by Brokerages

Leonardo DRS, Inc. (NASDAQ:DRS) has been given an average rating of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $46.1429.

DRS has been the subject of several recent analyst reports. Truist Financial decreased their target price on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Leonardo DRS in a research report on Thursday, October 30th. Zacks Research lowered shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Morgan Stanley set a $40.00 target price on Leonardo DRS in a report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th.

Leonardo DRS Stock Performance

Shares of NASDAQ:DRS opened at $37.46 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.63. Leonardo DRS has a 12 month low of $28.17 and a 12 month high of $49.31. The business has a 50-day moving average of $34.52 and a two-hundred day moving average of $40.26. The firm has a market capitalization of $9.97 billion, a PE ratio of 38.22, a P/E/G ratio of 1.84 and a beta of 0.44.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $924.79 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, research analysts forecast that Leonardo DRS will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a $0.09 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.0%. Leonardo DRS’s dividend payout ratio is currently 36.73%.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 8,481 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $43.69, for a total transaction of $370,534.89. Following the transaction, the chief operating officer directly owned 106,007 shares in the company, valued at $4,631,445.83. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DRS. True Wealth Design LLC boosted its holdings in Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after acquiring an additional 298 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Leonardo DRS during the 2nd quarter worth about $26,000. Steward Partners Investment Advisory LLC lifted 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 worth $27,000 after purchasing an additional 275 shares during the last quarter. Clearstead Advisors LLC boosted its stake in Leonardo DRS by 564.1% during the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after purchasing an additional 581 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Leonardo DRS by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

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.