Wall Street Zen Upgrades Leonardo DRS (NASDAQ:DRS) to “Buy”

Leonardo DRS (NASDAQ:DRS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other analysts also recently issued reports on DRS. Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price objective on shares of Leonardo DRS in a report on Thursday, October 30th. Zacks Research lowered shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Morgan Stanley set a $40.00 price target on shares of Leonardo DRS in a research report on Tuesday, December 16th. Finally, Truist Financial set a $54.00 price objective on Leonardo DRS in a report on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Leonardo DRS has an average rating of “Moderate Buy” and an average target price of $47.14.

Leonardo DRS Stock Up 1.0%

Shares of NASDAQ:DRS opened at $38.13 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00. Leonardo DRS has a 52-week low of $28.17 and a 52-week high of $49.31. The business’s 50 day simple moving average is $37.72 and its two-hundred day simple moving average is $39.06. The firm has a market cap of $10.14 billion, a P/E ratio of 38.91, a PEG ratio of 1.90 and a beta of 0.45.

Insider Activity at Leonardo DRS

In other Leonardo DRS news, CFO Michael Dippold sold 10,588 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $37.00, for a total value of $391,756.00. Following the completion of the transaction, the chief financial officer owned 42,952 shares in the company, valued at $1,589,224. This represents a 19.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction on Monday, January 5th. The stock was sold at an average price of $35.17, for a total value of $45,721.00. Following the sale, the executive vice president owned 58,353 shares in the company, valued at $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its holdings in Leonardo DRS by 91.7% during the second 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 last quarter. True Wealth Design LLC raised its position in shares of Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after purchasing an additional 298 shares during the period. Bank of Montreal Can lifted its stake in shares of Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after buying an additional 309 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Leonardo DRS by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after buying an additional 315 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after buying an additional 322 shares during the period. Institutional investors own 18.76% of the company’s stock.

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.