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

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.1429.

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

Insider Activity at Leonardo DRS

In other news, CFO Michael Dippold sold 10,588 shares of Leonardo DRS stock in a transaction that occurred on Monday, January 5th. The shares were 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 owned 42,952 shares in the company, valued at approximately $1,589,224. The trade was a 19.78% decrease in their ownership of the stock. The transaction 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 business’s 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 completion of the transaction, the executive vice president directly owned 58,353 shares in the company, valued at $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Leonardo DRS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its position in 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 buying an additional 275 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Leonardo DRS by 72.2% during the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Leonardo DRS by 1.4% during the third quarter. Arizona State Retirement System now owns 23,616 shares of the company’s stock valued at $1,072,000 after purchasing an additional 327 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Leonardo DRS by 17.0% in the second quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock valued at $111,000 after purchasing an additional 347 shares in the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Price Performance

Shares of Leonardo DRS stock opened at $41.06 on Friday. The firm has a market cap of $10.92 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.44. The firm’s 50-day simple moving average is $36.66 and its 200-day simple moving average is $39.70. Leonardo DRS has a twelve month low of $28.17 and a twelve month high of $49.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. As a group, research analysts expect that Leonardo DRS will post 1.04 EPS for the current fiscal year.

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.