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

Key Points

• Leonardo DRS, Inc. has received an average analyst rating of "Moderate Buy", with two hold ratings and six buy ratings; the average target price is $46.75.
• The company reported $0.23 earnings per share for the last quarter, exceeding expectations and showing a 10.1% revenue increase year-over-year.
• A recent quarterly dividend of $0.09 was paid, reflecting an annualized yield of 0.8% and a dividend payout ratio of 38.71%.

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.75.

A number of brokerages recently weighed in on DRS. JPMorgan Chase & Co. raised their target price on shares of Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. The Goldman Sachs Group began coverage on shares of Leonardo DRS in a report on Monday, June 30th. They set a "buy" rating and a $49.00 target price for the company. Truist Financial raised their target price on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen lowered shares of Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Canaccord Genuity Group started coverage on shares of Leonardo DRS in a research note on Monday, August 11th. They issued a "buy" rating and a $50.00 price objective for the company.

Leonardo DRS Trading Up 3.8%

Shares of NASDAQ:DRS opened at $43.94 on Monday. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 47.25, a PEG ratio of 2.29 and a beta of 0.63. Leonardo DRS has a 1-year low of $27.55 and a 1-year high of $49.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.70 and a current ratio of 2.11. The company has a 50 day moving average price of $42.60 and a 200 day moving average price of $41.03.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $829.00 million during the quarter, compared to analysts' expectations of $824.50 million. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. On average, research analysts anticipate that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS's dividend payout ratio (DPR) is currently 38.71%.

Insider Buying and Selling

In other Leonardo DRS news, CFO Michael Dippold sold 19,360 shares of Leonardo DRS stock in a transaction on Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the completion of the sale, the chief financial officer owned 58,834 shares of the company's stock, valued at $2,450,436.10. This trade represents a 24.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric Salzman sold 4,403 shares of Leonardo DRS stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total transaction of $181,271.51. Following the sale, the director directly owned 11,820 shares of the company's stock, valued at $486,629.40. This trade represents a 27.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,558 shares of company stock valued at $1,933,052. Company insiders own 0.12% of the company's stock.

Institutional Investors Weigh In On Leonardo DRS

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Leonardo DRS during the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company's stock valued at $27,000 after buying an additional 275 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Leonardo DRS by 92.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company's stock valued at $42,000 after buying an additional 611 shares during the period. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Leonardo DRS during the 1st quarter valued at $46,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Leonardo DRS during the 1st quarter valued at $50,000. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Company Profile

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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