Wall Street Zen Upgrades Leonardo DRS (NASDAQ:DRS) to “Buy”

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

A number of other research firms also recently commented on DRS. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Leonardo DRS in a research report on Thursday, October 30th. Morgan Stanley set a $40.00 price target on Leonardo DRS in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Truist Financial set a $54.00 target price on Leonardo DRS in a research report on Friday, January 9th. Finally, Zacks Research downgraded Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.14.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $38.13 on Friday. The firm’s 50-day moving average price is $37.72 and its 200-day moving average price is $39.15. Leonardo DRS has a 52-week low of $28.17 and a 52-week high of $49.31. The company has a market cap of $10.14 billion, a PE ratio of 38.91, a PEG ratio of 1.88 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.

Insider Activity

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DRS. True Wealth Design LLC increased its stake in Leonardo DRS by 122.6% in 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Leonardo DRS in the second quarter worth about $26,000. Steward Partners Investment Advisory LLC grew its position in shares of Leonardo DRS by 91.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after purchasing an additional 275 shares in the last quarter. Quarry LP raised its stake in Leonardo DRS by 7,041.7% during the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares during the period. Finally, Clearstead Advisors LLC lifted its holdings in Leonardo DRS by 564.1% in the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock worth $31,000 after purchasing an additional 581 shares in the last quarter. Hedge funds and other institutional investors 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.