Brokerages Set Leonardo DRS, Inc. (NASDAQ:DRS) Price Target at $46.75

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $46.75.

A number of research firms have commented on DRS. Canaccord Genuity Group began coverage on Leonardo DRS in a research note on Monday, August 11th. They issued a “buy” rating and a $50.00 price target for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Leonardo DRS in a research note on Saturday, September 27th. Morgan Stanley raised their price objective on Leonardo DRS from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Wall Street Zen cut Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Finally, The Goldman Sachs Group started coverage on Leonardo DRS in a research note on Monday, June 30th. They issued a “buy” rating and a $49.00 price objective for the company.

Insider Buying and Selling at Leonardo DRS

In other news, COO John Baylouny sold 11,420 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $41.78, for a total value of $477,127.60. Following the transaction, the chief operating officer owned 114,488 shares in the company, valued at $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Dippold sold 19,360 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $41.65, for a total value of $806,344.00. Following the completion of the transaction, the chief financial officer owned 58,834 shares in the company, valued at approximately $2,450,436.10. This trade represents a 24.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,558 shares of company stock valued at $1,933,052. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Leonardo DRS by 0.3% in the first quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company’s stock valued at $261,656,000 after acquiring an additional 22,990 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Leonardo DRS by 16.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,848,473 shares of the company’s stock worth $192,298,000 after buying an additional 804,938 shares in the last quarter. Invesco Ltd. lifted its position in Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after buying an additional 870,772 shares in the last quarter. State Street Corp lifted its position in Leonardo DRS by 8.3% during the second quarter. State Street Corp now owns 3,311,605 shares of the company’s stock worth $153,923,000 after buying an additional 254,975 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Leonardo DRS by 6.9% during the second quarter. First Trust Advisors LP now owns 1,688,618 shares of the company’s stock worth $78,487,000 after buying an additional 109,343 shares in the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Trading Down 0.5%

Shares of NASDAQ DRS opened at $44.39 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70. The stock has a market capitalization of $11.81 billion, a P/E ratio of 47.73, a price-to-earnings-growth ratio of 2.32 and a beta of 0.56. Leonardo DRS has a 1-year low of $27.77 and a 1-year high of $49.31. The business has a fifty day moving average price of $42.33 and a 200 day moving average price of $41.42.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $829.00 million during the quarter, compared to analysts’ expectations of $824.50 million. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Equities research analysts expect that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS’s dividend payout ratio (DPR) is presently 38.71%.

Leonardo DRS Company Profile

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing.