Leonardo DRS, Inc. (NASDAQ:DRS) Given Average Rating of "Moderate Buy" by Brokerages

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $43.50.

DRS has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Bank of America upgraded shares of Leonardo DRS from a "neutral" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Friday, March 7th. Morgan Stanley boosted their price objective on shares of Leonardo DRS from $34.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Truist Financial boosted their price objective 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. Finally, BTIG Research set a $49.00 price objective on shares of Leonardo DRS and gave the stock a "buy" rating in a research note on Monday, May 5th.

Leonardo DRS Stock Performance

Shares of DRS stock opened at $44.00 on Friday. Leonardo DRS has a one year low of $22.73 and a one year high of $46.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 2.02. The company has a 50 day moving average price of $40.99 and a 200 day moving average price of $35.83. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 50.58, a price-to-earnings-growth ratio of 2.57 and a beta of 0.63.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. Leonardo DRS had a net margin of 7.00% and a return on equity of 10.63%. The firm had revenue of $799.00 million during the quarter, compared to analyst estimates of $736.72 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. Leonardo DRS's revenue for the quarter was up 16.1% compared to the same quarter last year. Sell-side analysts anticipate that Leonardo DRS will post 1.04 EPS for the current year.

Leonardo DRS Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.09 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. Leonardo DRS's payout ratio is currently 41.38%.

Insider Transactions at Leonardo DRS

In related news, COO John Baylouny sold 3,529 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $31.96, for a total value of $112,786.84. Following the sale, the chief operating officer now directly owns 137,283 shares of the company's stock, valued at $4,387,564.68. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David W. Carey sold 6,438 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $45.94, for a total transaction of $295,761.72. Following the completion of the sale, the director now directly owns 23,882 shares in the company, valued at $1,097,139.08. This represents a 21.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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. Illumine Investment Management LLC acquired a new stake in Leonardo DRS in the fourth quarter valued at $1,784,000. Ameriprise Financial Inc. acquired a new stake in shares of Leonardo DRS during the fourth quarter worth $344,000. Brevan Howard Capital Management LP acquired a new stake in shares of Leonardo DRS during the fourth quarter worth $503,000. Vanguard Group Inc. raised its holdings in shares of Leonardo DRS by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company's stock worth $256,377,000 after purchasing an additional 263,002 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Leonardo DRS by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,088,369 shares of the company's stock worth $35,165,000 after purchasing an additional 75,999 shares during the period. 18.76% of the stock is owned by institutional investors and hedge funds.

About Leonardo DRS

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.

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