Leonardo DRS (NASDAQ:DRS) Price Target Raised to $55.00 at Bank of America

Leonardo DRS (NASDAQ:DRS) had its target price upped by Bank of America from $50.00 to $55.00 in a research note released on Wednesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

A number of other equities analysts also recently commented on DRS. Truist Financial set a $59.00 price objective on Leonardo DRS in a research report on Wednesday, February 25th. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research note on Wednesday, February 25th. Weiss Ratings upgraded Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Leonardo DRS Stock Up 5.1%

Shares of NASDAQ DRS opened at $46.32 on Wednesday. The stock has a market cap of $12.32 billion, a PE ratio of 44.97, a P/E/G ratio of 2.19 and a beta of 0.41. The company has a current ratio of 1.89, a quick ratio of 1.60 and a debt-to-equity ratio of 0.12. Leonardo DRS has a 12-month low of $28.17 and a 12-month high of $49.31. The company has a 50-day moving average of $42.46 and a 200 day moving average of $39.54.

Leonardo DRS (NASDAQ:DRS) last released its earnings results on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $1.06 billion for 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 11.68%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. As a group, sell-side analysts predict that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Leonardo DRS’s dividend payout ratio (DPR) is presently 34.95%.

Insider Activity at Leonardo DRS

In other Leonardo DRS news, 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 transaction of $45,721.00. Following the completion of the sale, the executive vice president directly owned 58,353 shares in the company, valued at $2,052,275.01. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Dippold sold 16,330 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $45.27, for a total transaction of $739,259.10. Following the completion of the sale, the chief financial officer directly owned 26,622 shares in the company, valued at $1,205,177.94. This trade represents a 38.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 40,218 shares of company stock worth $1,719,136. Company insiders own 0.34% of the company’s stock.

Institutional Trading of Leonardo DRS

Institutional investors have recently added to or reduced their stakes in the stock. Munro Partners grew its position in Leonardo DRS by 72.5% in the 3rd quarter. Munro Partners now owns 170,345 shares of the company’s stock valued at $7,734,000 after acquiring an additional 71,590 shares in the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Leonardo DRS by 20.6% during the third quarter. Stephens Investment Management Group LLC now owns 817,465 shares of the company’s stock worth $37,113,000 after purchasing an additional 139,531 shares in the last quarter. CWM LLC boosted its stake in shares of Leonardo DRS by 460.8% in the third quarter. CWM LLC now owns 37,677 shares of the company’s stock valued at $1,711,000 after purchasing an additional 30,958 shares during the period. Invesco Ltd. boosted its stake in shares of Leonardo DRS by 30.1% in the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock valued at $175,144,000 after purchasing an additional 870,772 shares during the period. Finally, Voya Investment Management LLC grew its holdings in shares of Leonardo DRS by 21.3% in the third quarter. Voya Investment Management LLC now owns 1,807,025 shares of the company’s stock valued at $82,039,000 after purchasing an additional 317,294 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

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.