Leonardo DRS (NASDAQ:DRS) Rating Lowered to Hold at Wall Street Zen

Leonardo DRS (NASDAQ:DRS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 29th. Truist Financial set a $59.00 target price on Leonardo DRS in a research note on Wednesday. Finally, Morgan Stanley set a $47.00 price target on Leonardo DRS in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.86.

Leonardo DRS Trading Up 0.1%

NASDAQ DRS opened at $43.39 on Friday. Leonardo DRS has a twelve month low of $28.17 and a twelve month high of $49.31. The firm has a market capitalization of $11.54 billion, a PE ratio of 42.13, a P/E/G ratio of 2.18 and a beta of 0.45. 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 stock’s 50 day moving average is $39.16 and its 200 day moving average is $39.05.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $994.79 million. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.82%. Leonardo DRS’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. Research analysts forecast that Leonardo DRS will post 1.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Leonardo DRS news, CFO Michael Dippold sold 10,588 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $37.00, for a total value of $391,756.00. Following the completion of the sale, the chief financial officer owned 42,952 shares in the company, valued at $1,589,224. This represents a 19.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Sally Wallace sold 1,300 shares of Leonardo DRS stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $35.17, for a total value of $45,721.00. Following the transaction, the executive vice president directly owned 58,353 shares in the company, valued at approximately $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of Leonardo DRS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP grew its position in shares of Leonardo DRS by 116.8% during the third quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock valued at $166,219,000 after purchasing an additional 1,972,596 shares in the last quarter. Norges Bank bought a new position in Leonardo DRS during the fourth quarter valued at approximately $37,481,000. Millennium Management LLC grew its holdings in Leonardo DRS by 152.1% during the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after buying an additional 1,071,708 shares in the last quarter. AQR Capital Management LLC increased its stake in Leonardo DRS by 528.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after acquiring an additional 1,070,870 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Leonardo DRS by 30.1% during the 2nd quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after acquiring an additional 870,772 shares in the last quarter. 18.76% of the stock is currently owned by institutional investors.

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.