Analysts Set Leonardo DRS, Inc. (NASDAQ:DRS) PT at $43.50

Shares of Leonardo DRS, Inc. (NASDAQ:DRSGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $43.50.

A number of research firms recently commented on DRS. Truist Financial increased their price target on Leonardo DRS from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Bank of America raised Leonardo DRS from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their price target on Leonardo DRS from $33.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. BTIG Research set a $49.00 price target on Leonardo DRS and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, Morgan Stanley increased their price target on Leonardo DRS from $34.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th.

View Our Latest Research Report on Leonardo DRS

Leonardo DRS Stock Performance

Shares of DRS stock opened at $44.73 on Friday. The business’s 50 day simple moving average is $41.18 and its 200 day simple moving average is $35.89. Leonardo DRS has a one year low of $22.73 and a one year high of $46.96. The stock has a market capitalization of $11.90 billion, a PE ratio of 51.41, a PEG ratio of 2.55 and a beta of 0.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.02 and a quick ratio of 1.64.

Leonardo DRS (NASDAQ:DRSGet Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $799.00 million for the quarter, compared to analysts’ expectations of $736.72 million. Leonardo DRS had a return on equity of 10.63% and a net margin of 7.00%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. As a group, research analysts forecast that Leonardo DRS will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, May 22nd. Leonardo DRS’s payout ratio is presently 41.38%.

Insider Buying and Selling at Leonardo DRS

In other news, Director David W. Carey sold 6,438 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $45.94, for a total transaction of $295,761.72. Following the completion of the transaction, the director now owns 23,882 shares of the company’s stock, valued at approximately $1,097,139.08. The trade was a 21.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Baylouny sold 3,529 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $31.96, for a total value of $112,786.84. Following the completion of the sale, the chief operating officer now owns 137,283 shares of the company’s stock, valued at $4,387,564.68. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

Institutional Trading of Leonardo DRS

A number of hedge funds have recently bought and sold shares of DRS. Hsbc Holdings PLC boosted its stake in shares of Leonardo DRS by 4.0% during the first quarter. Hsbc Holdings PLC now owns 9,191 shares of the company’s stock valued at $298,000 after purchasing an additional 357 shares during the period. Cerity Partners LLC boosted its stake in shares of Leonardo DRS by 1.1% during the fourth quarter. Cerity Partners LLC now owns 34,410 shares of the company’s stock valued at $1,112,000 after purchasing an additional 359 shares during the period. Bank of Montreal Can boosted its stake in shares of Leonardo DRS by 2.1% during the fourth quarter. Bank of Montreal Can now owns 18,380 shares of the company’s stock valued at $594,000 after purchasing an additional 379 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Leonardo DRS by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 8,060 shares of the company’s stock valued at $260,000 after purchasing an additional 405 shares during the period. Finally, Summit Investment Advisors Inc. boosted its stake in shares of Leonardo DRS by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,702 shares of the company’s stock valued at $249,000 after purchasing an additional 489 shares during the period. Institutional investors own 18.76% of the company’s stock.

About Leonardo DRS

(Get Free Report

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.

Further Reading

Analyst Recommendations for Leonardo DRS (NASDAQ:DRS)

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