Leonardo DRS, Inc. (NASDAQ:DRS) Receives $53.60 Average Target Price from Brokerages

Leonardo DRS, Inc. (NASDAQ:DRS) has earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $53.60.

Several equities research analysts recently weighed in on DRS shares. JPMorgan Chase & Co. upped their price target on Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Wall Street Zen raised Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Finally, Canaccord Genuity Group upped their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th.

Leonardo DRS Stock Down 0.7%

DRS stock opened at $40.70 on Thursday. Leonardo DRS has a fifty-two week low of $32.43 and a fifty-two week high of $50.59. The business’s 50 day moving average price is $44.86 and its two-hundred day moving average price is $44.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 2.48 and a beta of 0.35.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $913.00 million during the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS. As a group, analysts forecast that Leonardo DRS will post 1.39 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.36 annualized dividend and a yield of 0.9%. Leonardo DRS’s payout ratio is presently 30.25%.

Insiders Place Their Bets

In other news, CEO John Baylouny sold 36,471 shares of Leonardo DRS stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the completion of the transaction, the chief executive officer directly owned 122,435 shares in the company, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pamela Morrow sold 11,545 shares of Leonardo DRS stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $45.13, for a total transaction of $521,025.85. Following the transaction, the senior vice president owned 10,551 shares of the company’s stock, valued at $476,166.63. The trade was a 52.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 69,228 shares of company stock valued at $3,171,794. Insiders own 0.25% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRS. Nykredit A S purchased a new position in Leonardo DRS during the second quarter valued at $109,000. Aubrey Capital Management Ltd bought a new stake in Leonardo DRS in the second quarter worth $1,989,000. Headlands Technologies LLC purchased a new stake in shares of Leonardo DRS in the second quarter worth $827,000. Susquehanna Fundamental Investments LLC grew its stake in shares of Leonardo DRS by 95.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 140,080 shares of the company’s stock worth $5,977,000 after acquiring an additional 68,237 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in shares of Leonardo DRS during the second quarter valued at $873,000. 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.