Leonardo DRS, Inc. (NASDAQ:DRS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $35.33.

A number of analysts recently weighed in on DRS shares. Truist Financial upped their target price on shares of Leonardo DRS from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on Leonardo DRS from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Finally, Bank of America raised Leonardo DRS from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, March 7th.

Insider Buying and Selling

In other Leonardo DRS news, SVP Pamela Morrow sold 8,854 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $32.84, for a total transaction of $290,765.36. Following the completion of the sale, the senior vice president now directly owns 17,335 shares of the company’s stock, valued at approximately $569,281.40. This trade represents a 33.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Salzman sold 3,477 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $34.59, for a total value of $120,269.43. Following the completion of the transaction, the director now directly owns 13,262 shares in the company, valued at approximately $458,732.58. The trade was a 20.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,360 shares of company stock worth $3,262,887 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

Several institutional investors have recently bought and sold shares of DRS. Steward Partners Investment Advisory LLC boosted its holdings in shares of Leonardo DRS by 233.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company’s stock valued at $32,000 after acquiring an additional 700 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Leonardo DRS by 92.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company’s stock valued at $42,000 after purchasing an additional 611 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new position in Leonardo DRS during the 1st quarter worth approximately $46,000. IFP Advisors Inc raised its stake in shares of Leonardo DRS by 37.0% during the 4th quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock worth $63,000 after buying an additional 525 shares in the last quarter. Finally, Virtus Fund Advisers LLC acquired a new stake in shares of Leonardo DRS in the 4th quarter valued at approximately $116,000. 18.76% of the stock is owned by institutional investors and hedge funds.

Leonardo DRS Price Performance

Shares of DRS opened at $40.23 on Friday. The company has a market cap of $10.70 billion, a P/E ratio of 50.92, a PEG ratio of 1.41 and a beta of 0.73. Leonardo DRS has a fifty-two week low of $20.25 and a fifty-two week high of $40.75. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average price is $33.40 and its 200 day moving average price is $33.32.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. Leonardo DRS had a return on equity of 10.37% and a net margin of 6.59%. The business had revenue of $799.00 million for the quarter, compared to analyst estimates of $736.72 million. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis. On average, research analysts forecast that Leonardo DRS will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.89%. The ex-dividend date was Thursday, March 13th. Leonardo DRS’s dividend payout ratio (DPR) is 45.57%.

Leonardo DRS announced that its board has approved a stock repurchase plan on Thursday, February 20th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.