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

Leonardo DRS, Inc. (NASDAQ:DRS) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.60.

Several research firms recently issued reports on DRS. Weiss Ratings upgraded Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Canaccord Genuity Group increased their target price on Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Truist Financial upgraded Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th.

Insider Buying and Selling at Leonardo DRS

In other news, EVP Jason Rinsky sold 3,864 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $45.81, for a total transaction of $177,009.84. Following the completion of the sale, the executive vice president owned 23,581 shares of the company’s stock, valued at $1,080,245.61. This represents a 14.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the completion of the sale, the chief executive officer owned 122,435 shares of the company’s stock, valued at $5,591,606.45. This trade represents a 22.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 57,683 shares of company stock worth $2,650,769. Company insiders own 0.25% of the company’s stock.

Institutional Trading of Leonardo DRS

A number of hedge funds have recently bought and sold shares of DRS. Quarry LP boosted its holdings in shares of Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Leonardo DRS in the second quarter valued at approximately $31,000. Edmond DE Rothschild Holding S.A. purchased a new position in Leonardo DRS during the second quarter worth approximately $32,000. Leonteq Securities AG purchased a new stake in Leonardo DRS in the 4th quarter valued at $34,000. Finally, Fifth Third Bancorp purchased a new position in shares of Leonardo DRS during the 1st quarter worth $41,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

DRS opened at $38.60 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.92 and a debt-to-equity ratio of 0.05. The company has a market cap of $10.30 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 2.32 and a beta of 0.35. Leonardo DRS has a 52-week low of $32.43 and a 52-week high of $50.59. The firm’s fifty day simple moving average is $44.40 and its two-hundred day simple moving average is $44.21.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The business had revenue of $913.00 million for the quarter, compared to analyst estimates of $903.27 million. During the same quarter last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Leonardo DRS will post 1.39 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.09 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Leonardo DRS’s dividend payout ratio (DPR) is presently 30.25%.

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.