Brokerages Set Leonardo DRS, Inc. (NASDAQ:DRS) Price Target at $48.86

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $48.8571.

DRS has been the topic of a number of recent analyst reports. Morgan Stanley set a $47.00 price target on Leonardo DRS in a research report on Wednesday, February 25th. Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday, December 29th. Finally, Truist Financial set a $59.00 price objective on shares of Leonardo DRS in a research report on Wednesday, February 25th.

Insider Activity

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

Institutional Investors Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its holdings in Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after buying an additional 275 shares during the last quarter. True Wealth Design LLC boosted its stake in Leonardo DRS by 122.6% in the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after buying an additional 298 shares during the last quarter. Bank of Montreal Can grew its holdings in Leonardo DRS by 1.6% in 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 during the period. GAMMA Investing LLC increased its stake in shares of Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after acquiring an additional 315 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Leonardo DRS by 4.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after acquiring an additional 322 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $45.49 on Thursday. The company has a market capitalization of $12.10 billion, a PE ratio of 44.17, a price-to-earnings-growth ratio of 2.16 and a beta of 0.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00. The company’s fifty day moving average price is $39.37 and its 200 day moving average price is $39.04. Leonardo DRS has a 1 year low of $28.17 and a 1 year high of $49.31.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.82%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $994.79 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, research analysts predict that Leonardo DRS will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, March 10th. Leonardo DRS’s dividend payout ratio is 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.