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

Leonardo DRS, Inc. (NASDAQ:DRS) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $52.00.

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Canaccord Genuity Group increased their price objective on shares of Leonardo DRS from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. Finally, Bank of America upped their price target on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th.

Insider Activity at Leonardo DRS

In related news, EVP Jason Rinsky sold 3,865 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55. Following the sale, the executive vice president directly owned 31,310 shares in the company, valued at approximately $1,467,499.70. This represents a 10.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reuben Jeffery III bought 25,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $42.77 per share, for a total transaction of $1,069,250.00. Following the completion of the purchase, the director directly owned 25,000 shares in the company, valued at approximately $1,069,250. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 76,089 shares of company stock worth $3,491,236 in the last ninety days. Insiders own 0.25% of the company’s stock.

Institutional Trading of Leonardo DRS

Several institutional investors and hedge funds have recently bought and sold shares of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Leonardo DRS by 4.6% in the 1st 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 in the last quarter. Millennium Management LLC lifted its stake in Leonardo DRS by 29.0% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Leonardo DRS by 9.4% in the 1st 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 in the last quarter. Intech Investment Management LLC lifted its stake in Leonardo DRS by 18.6% in the 1st 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 in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Leonardo DRS in the 1st quarter worth approximately $225,000. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Leonardo DRS Trading Down 2.3%

NASDAQ:DRS opened at $48.53 on Friday. Leonardo DRS has a one year low of $32.43 and a one year high of $50.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.86 and a quick ratio of 1.52. The firm has a 50-day moving average of $44.60 and a 200-day moving average of $41.33. The company has a market cap of $12.95 billion, a PE ratio of 45.36, a PEG ratio of 3.58 and a beta of 0.34.

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

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS’s dividend payout ratio is presently 33.64%.

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.