Leonardo DRS, Inc. (NASDAQ:DRS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $46.1429.

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a research note on Tuesday. Zacks Research downgraded Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Truist Financial reduced their target price on shares of Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Morgan Stanley set a $40.00 price objective on shares of Leonardo DRS in a research report on Tuesday. Finally, Canaccord Genuity Group restated a “buy” rating and set a $50.00 price objective on shares of Leonardo DRS in a report on Thursday, October 30th.

Leonardo DRS Trading Up 1.4%

Shares of Leonardo DRS stock opened at $33.64 on Friday. Leonardo DRS has a 12-month low of $28.17 and a 12-month high of $49.31. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.90 and a beta of 0.50. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $35.96 and a 200-day simple moving average of $41.13.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The company had revenue of $960.00 million for the quarter, compared to analyst estimates of $924.79 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue was up 18.2% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. On average, equities analysts forecast that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, November 18th. This represents a $0.36 annualized dividend and a dividend yield of 1.1%. Leonardo DRS’s dividend payout ratio (DPR) is currently 36.73%.

Insider Buying and Selling

In other news, COO John Baylouny sold 8,481 shares of Leonardo DRS stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $43.69, for a total value of $370,534.89. Following the completion of the transaction, the chief operating officer directly owned 106,007 shares of the company’s stock, valued at approximately $4,631,445.83. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Institutional Trading of Leonardo DRS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC boosted its holdings in Leonardo DRS by 122.6% during the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock worth $25,000 after purchasing an additional 298 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Leonardo DRS in the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after buying an additional 275 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after acquiring an additional 581 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Leonardo DRS by 72.2% during the third 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. 18.76% of the stock is owned by institutional investors.

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.