Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.50.
A number of research firms recently weighed in on DRS. Morgan Stanley raised their price target on Leonardo DRS from $34.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Truist Financial lifted their price target on Leonardo DRS from $37.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, April 17th. BTIG Research set a $49.00 price target on shares of Leonardo DRS and gave the stock a "buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, Bank of America upgraded shares of Leonardo DRS from a "neutral" rating to a "buy" rating and set a $40.00 target price on the stock in a research report on Friday, March 7th.
Read Our Latest Report on Leonardo DRS
Insider Transactions at Leonardo DRS
In related news, COO John Baylouny sold 3,529 shares of the stock in a transaction that occurred 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 in the company, valued at $4,387,564.68. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David W. Carey sold 6,438 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 23,882 shares of the company's stock, valued at approximately $1,097,139.08. This represents a 21.23% decrease in their position. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Leonardo DRS
Hedge funds have recently bought and sold shares of the company. Illumine Investment Management LLC bought a new position in Leonardo DRS during the fourth quarter worth about $1,784,000. Ameriprise Financial Inc. bought a new stake in shares of Leonardo DRS in the fourth quarter worth about $344,000. Brevan Howard Capital Management LP bought a new position in shares of Leonardo DRS during the 4th quarter valued at about $503,000. Vanguard Group Inc. lifted its holdings in shares of Leonardo DRS by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company's stock valued at $256,377,000 after purchasing an additional 263,002 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Leonardo DRS by 7.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,088,369 shares of the company's stock valued at $35,165,000 after purchasing an additional 75,999 shares during the period. 18.76% of the stock is currently owned by institutional investors and hedge funds.
Leonardo DRS Price Performance
DRS traded down $1.61 during midday trading on Friday, reaching $43.12. 1,656,909 shares of the company's stock were exchanged, compared to its average volume of 758,115. The company has a quick ratio of 1.64, a current ratio of 2.02 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $41.18 and a two-hundred day simple moving average of $35.89. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 49.56, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63. Leonardo DRS has a one year low of $22.73 and a one year high of $46.96.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its 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. The business had revenue of $799.00 million during the quarter, compared to the consensus estimate of $736.72 million. Leonardo DRS had a return on equity of 10.63% and a net margin of 7.00%. Leonardo DRS's revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company earned $0.14 EPS. As a group, research analysts predict that Leonardo DRS will post 1.04 EPS for the current year.
Leonardo DRS Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders 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 yield of 0.83%. Leonardo DRS's payout ratio is presently 41.38%.
Leonardo DRS Company Profile
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Get Free ReportLeonardo 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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