Leonardo DRS (NASDAQ:DRS) Stock Rating Upgraded by Wall Street Zen

Leonardo DRS (NASDAQ:DRS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research firms have also weighed in on DRS. Morgan Stanley set a $47.00 target price on Leonardo DRS in a report on Wednesday, February 25th. Truist Financial set a $59.00 price target on Leonardo DRS in a report on Wednesday, February 25th. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, Bank of America raised their price objective on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.00.

Leonardo DRS Stock Performance

DRS opened at $46.30 on Friday. 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 fifty-two week low of $28.17 and a fifty-two week high of $49.31. The firm has a market capitalization of $12.32 billion, a PE ratio of 44.95, a P/E/G ratio of 3.42 and a beta of 0.43. The company’s 50-day moving average is $42.95 and its 200 day moving average is $39.75.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Sunday, February 15th. The company reported $0.42 earnings per share (EPS) for the quarter. The business had revenue of $1.06 billion during the quarter. Leonardo DRS had a return on equity of 11.68% and a net margin of 7.62%. As a group, research analysts predict that Leonardo DRS will post 1.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Leonardo DRS

In other news, SVP Pamela Morrow sold 12,000 shares of Leonardo DRS stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total transaction of $542,400.00. Following the sale, the senior vice president directly owned 6,494 shares in the company, valued at $293,528.80. The trade was a 64.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Dippold sold 16,330 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $45.27, for a total transaction of $739,259.10. Following the completion of the transaction, the chief financial officer directly owned 26,622 shares in the company, valued at $1,205,177.94. This trade represents a 38.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 76,249 shares of company stock worth $3,382,314 in the last quarter. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Leonardo DRS

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Leonardo DRS by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after acquiring an additional 1,922 shares during the period. Millennium Management LLC raised its holdings in shares of Leonardo DRS by 29.0% in the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock worth $12,157,000 after purchasing an additional 83,077 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Leonardo DRS by 9.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock valued at $4,882,000 after purchasing an additional 12,712 shares during the last quarter. Intech Investment Management LLC lifted its stake in Leonardo DRS by 18.6% in the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock valued at $1,597,000 after purchasing an additional 7,625 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Leonardo DRS during the first quarter valued at $225,000. Institutional investors 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.