Leonardo DRS, Inc. (NASDAQ:DRS) Receives $51.00 Average Target Price from Analysts
by Doug Wharley · The Cerbat GemShares of Leonardo DRS, Inc. (NASDAQ:DRS – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $51.00.
Several analysts have weighed in on DRS shares. Truist Financial set a $59.00 price objective on shares of Leonardo DRS in a research note on Wednesday, February 25th. Morgan Stanley set a $47.00 price objective on shares of Leonardo DRS in a research note on Wednesday, February 25th. 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, March 25th. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Finally, Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th.
Read Our Latest Research Report on Leonardo DRS
Leonardo DRS Price Performance
Shares of Leonardo DRS stock opened at $44.57 on Friday. Leonardo DRS has a twelve month low of $32.43 and a twelve month high of $49.31. The company has a quick ratio of 1.60, a current ratio of 1.89 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $44.16 and a two-hundred day simple moving average of $39.95. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 43.27, a price-to-earnings-growth ratio of 3.29 and a beta of 0.43.
Leonardo DRS (NASDAQ:DRS – Get Free Report) last issued its quarterly earnings data on Sunday, February 15th. The company reported $0.42 earnings per share for the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion during the quarter. Analysts forecast that Leonardo DRS will post 1.04 EPS for the current year.
Leonardo DRS Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.36 annualized dividend and a yield of 0.8%. Leonardo DRS’s payout ratio is 34.95%.
Insider Activity
In other news, CFO Michael Dippold sold 16,330 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $45.27, for a total value of $739,259.10. Following the completion of the transaction, the chief financial officer directly owned 26,622 shares in the company, valued at approximately $1,205,177.94. The trade was a 38.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Pamela Morrow sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $45.20, for a total transaction of $542,400.00. Following the completion of the transaction, the senior vice president owned 6,494 shares of the company’s stock, valued at $293,528.80. The trade was a 64.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 64,361 shares of company stock worth $2,944,837. 0.25% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Leonardo DRS
Hedge funds and other institutional investors have recently made changes to their positions in the company. True Wealth Design LLC raised its position in shares of Leonardo DRS by 122.6% in the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after buying an additional 298 shares in the last quarter. Quarry LP raised its position in shares of Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after buying an additional 845 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of Leonardo DRS by 564.1% in the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after buying an additional 581 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Leonardo DRS in the 4th quarter valued at approximately $34,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.
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.