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

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $46.1429.

A number of research analysts have weighed in on DRS shares. Zacks Research cut shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Truist Financial cut their price target on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a research report on Thursday, October 30th. Finally, Morgan Stanley set a $40.00 price objective on Leonardo DRS in a research report on Tuesday, December 16th.

Insiders Place Their Bets

In other Leonardo DRS news, COO John Baylouny sold 8,481 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total transaction of $370,534.89. Following the completion of the transaction, the chief operating officer directly owned 106,007 shares in the company, valued at approximately $4,631,445.83. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

Several institutional investors and hedge funds have recently bought and sold shares of DRS. True Wealth Design LLC increased its stake in Leonardo DRS by 122.6% during 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 period. Caitong International Asset Management Co. Ltd acquired a new stake in Leonardo DRS during 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 second 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 in the last quarter. Clearstead Advisors LLC boosted its holdings in Leonardo DRS by 564.1% during the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after buying an additional 581 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Leonardo DRS by 72.2% in the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares in the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Leonardo DRS Stock Up 1.2%

Leonardo DRS stock opened at $37.46 on Wednesday. The business’s 50-day moving average price is $34.52 and its 200 day moving average price is $40.26. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 1.84 and a beta of 0.44. Leonardo DRS has a 52 week low of $28.17 and a 52 week high of $49.31.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data 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 business had revenue of $960.00 million for the quarter, compared to analyst estimates of $924.79 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The business’s quarterly 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. As a group, sell-side analysts anticipate 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 was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, November 18th. Leonardo DRS’s payout ratio is presently 36.73%.

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.