Brokerages Set Leonardo DRS, Inc. (NASDAQ:DRS) PT at $50.33

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $51.00.

A number of equities research analysts recently commented on DRS shares. Morgan Stanley set a $47.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Truist Financial set a $59.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Wall Street Zen cut Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, Bank of America lifted their price objective on shares of Leonardo DRS from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday.

Insider Activity

In related news, SVP Pamela Morrow sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total value of $542,400.00. Following the completion of the transaction, the senior vice president directly owned 6,494 shares in the company, valued at approximately $293,528.80. The trade was a 64.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Dippold sold 16,330 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,218 shares of company stock valued at $1,719,136 in the last quarter. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake 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 purchasing an additional 275 shares during the period. True Wealth Design LLC grew its holdings in shares of Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after buying an additional 298 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Leonardo DRS by 1.6% during the fourth quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock worth $665,000 after buying an additional 309 shares in the last quarter. GAMMA Investing LLC raised its position in Leonardo DRS by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after buying an additional 315 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock valued at $246,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

Shares of NASDAQ:DRS opened at $46.32 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. Leonardo DRS has a 1-year low of $28.17 and a 1-year high of $49.31. The stock has a market capitalization of $12.32 billion, a P/E ratio of 44.97, a P/E/G ratio of 2.19 and a beta of 0.41. The business has a 50-day moving average price of $42.46 and a two-hundred day moving average price of $39.54.

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

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is currently 34.95%.

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.