Leonardo DRS, Inc. (NASDAQ:DRS) Given Consensus Rating of “Moderate Buy” by Analysts

Leonardo DRS, Inc. (NASDAQ:DRS) has earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $46.75.

DRS has been the topic of a number of recent analyst reports. Truist Financial raised their price target on Leonardo DRS from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their target price on shares of Leonardo DRS from $33.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Leonardo DRS in a research report on Saturday, September 27th. The Goldman Sachs Group began coverage on shares of Leonardo DRS in a research note on Monday, June 30th. They issued a “buy” rating and a $49.00 price objective on the stock. Finally, Morgan Stanley upped their target price on Leonardo DRS from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st.

Insider Buying and Selling at Leonardo DRS

In related news, CFO Michael Dippold sold 19,360 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $41.65, for a total value of $806,344.00. Following the sale, the chief financial officer owned 58,834 shares of the company’s stock, valued at $2,450,436.10. The trade was a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO John Baylouny sold 11,420 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the completion of the sale, the chief operating officer owned 114,488 shares of the company’s stock, valued at $4,783,308.64. The trade was a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,558 shares of company stock worth $1,933,052. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Leonardo DRS during the second quarter worth about $44,336,000. Nuveen LLC acquired a new stake in Leonardo DRS during the 1st quarter valued at approximately $31,254,000. Invesco Ltd. raised its holdings in Leonardo DRS by 30.1% during the 2nd quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after purchasing an additional 870,772 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Leonardo DRS by 16.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,848,473 shares of the company’s stock worth $192,298,000 after purchasing an additional 804,938 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Leonardo DRS by 64.6% in the 2nd quarter. Bank of America Corp DE now owns 1,251,415 shares of the company’s stock valued at $58,166,000 after purchasing an additional 491,158 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Stock Down 0.5%

Shares of DRS opened at $44.39 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13. Leonardo DRS has a 12 month low of $27.77 and a 12 month high of $49.31. The firm’s 50 day moving average is $42.33 and its 200-day moving average is $41.32. The stock has a market capitalization of $11.81 billion, a PE ratio of 47.73, a P/E/G ratio of 2.33 and a beta of 0.56.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $829.00 million for the quarter, compared to the consensus estimate of $824.50 million. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Equities research analysts forecast that Leonardo DRS will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, August 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is 38.71%.

About Leonardo DRS

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.