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

Leonardo DRS, Inc. (NASDAQ:DRS) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $53.75.

Several equities analysts have recently issued reports on DRS shares. Canaccord Genuity Group boosted their price objective on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings downgraded Leonardo DRS from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Bank of America boosted their price objective on Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th.

Leonardo DRS Stock Up 4.2%

NASDAQ:DRS opened at $42.67 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.52 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average of $44.19 and a 200-day moving average of $42.31. The firm has a market capitalization of $11.38 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.34. Leonardo DRS has a 52 week low of $32.43 and a 52 week high of $50.59.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Analysts predict that Leonardo DRS will post 1.3 EPS for the current year.

Leonardo DRS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s payout ratio is currently 33.64%.

Insider Buying and Selling at Leonardo DRS

In other news, EVP Sally Wallace sold 28,960 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $46.35, for a total transaction of $1,342,296.00. Following the completion of the transaction, the executive vice president directly owned 58,353 shares in the company, valued at approximately $2,704,661.55. The trade was a 33.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reuben Jeffery III acquired 25,000 shares of Leonardo DRS stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $42.77 per share, with a total value of $1,069,250.00. Following the completion of the transaction, the director owned 25,000 shares of the company’s stock, valued at approximately $1,069,250. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 97,530 shares of company stock valued at $4,482,608. 0.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Leonardo DRS

A number of institutional investors have recently added to or reduced their stakes in DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Leonardo DRS by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock worth $1,441,000 after purchasing an additional 1,922 shares during the period. Millennium Management LLC lifted its position in Leonardo DRS by 29.0% in the first 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 position 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 worth $4,882,000 after purchasing an additional 12,712 shares during the period. Intech Investment Management LLC lifted its position in Leonardo DRS by 18.6% in the first quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock worth $1,597,000 after purchasing an additional 7,625 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Leonardo DRS in the first quarter worth approximately $225,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

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.