Leonardo DRS (NASDAQ:DRS) Stock Price Expected to Rise, Bank of America Analyst Says

Leonardo DRS (NASDAQ:DRS) had its price objective upped by equities research analysts at Bank of America from $50.00 to $55.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 18.20% from the stock’s current price.

A number of other research firms also recently weighed in on DRS. Wall Street Zen downgraded shares of Leonardo DRS from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings raised shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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. Finally, Truist Financial set a $59.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $46.53 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.89. The company has a market cap of $12.38 billion, a P/E ratio of 45.18, a P/E/G ratio of 2.29 and a beta of 0.41. Leonardo DRS has a 52-week low of $28.17 and a 52-week high of $49.31. The firm’s fifty day moving average is $42.54 and its two-hundred day moving average is $39.59.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $994.79 million. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, analysts anticipate that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Insider Activity

In other news, CFO Michael Dippold sold 16,330 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 26,622 shares of the company’s stock, valued at approximately $1,205,177.94. The trade was a 38.02% decrease in their position. 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 transaction of $45,721.00. Following the transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 40,218 shares of company stock worth $1,719,136. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. True Wealth Design LLC boosted its position in Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after buying an additional 298 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after acquiring an additional 275 shares during the last quarter. Quarry LP boosted its holdings in shares of Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after acquiring an additional 845 shares during the last quarter. Clearstead Advisors LLC increased its stake in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after acquiring an additional 581 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Leonardo DRS by 72.2% in the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after acquiring an additional 315 shares during the period. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

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.