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

Shares of Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $41.00.

DRS has been the topic of several analyst reports. Bank of America raised shares of Leonardo DRS from a "neutral" rating to a "buy" rating and set a $40.00 price target on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Leonardo DRS from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Truist Financial upped their target price on shares of 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 target price on shares of Leonardo DRS and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Morgan Stanley upped their target price on shares of Leonardo DRS from $34.00 to $44.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th.

Leonardo DRS Stock Down 1.4%

DRS traded down $0.58 during trading on Tuesday, hitting $41.75. The company had a trading volume of 808,651 shares, compared to its average volume of 722,055. The company has a market capitalization of $11.11 billion, a PE ratio of 52.85, a PEG ratio of 1.41 and a beta of 0.64. Leonardo DRS has a one year low of $22.73 and a one year high of $43.50. The firm's 50-day moving average price is $37.20 and its 200 day moving average price is $34.77. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. Leonardo DRS had a net margin of 6.59% and a return on equity of 10.37%. The firm had revenue of $799.00 million for the quarter, compared to analyst estimates of $736.72 million. During the same period in the previous year, the business earned $0.14 EPS. The company's revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts expect that Leonardo DRS will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be issued a $0.09 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.36 annualized dividend and a yield of 0.86%. Leonardo DRS's dividend payout ratio is currently 41.38%.

Leonardo DRS declared that its board has authorized a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $32.70, for a total transaction of $1,471,500.00. Following the transaction, the chief executive officer now owns 328,404 shares in the company, valued at $10,738,810.80. This represents a 12.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John Baylouny sold 3,529 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $31.96, for a total transaction of $112,786.84. Following the transaction, the chief operating officer now owns 137,283 shares in the company, valued at approximately $4,387,564.68. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,354 shares of company stock valued at $3,019,773 in the last three months. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC grew its position in shares of Leonardo DRS by 233.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company's stock worth $32,000 after purchasing an additional 700 shares in the last quarter. Nisa Investment Advisors LLC grew its position 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 worth $42,000 after purchasing an additional 611 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Leonardo DRS during the 1st quarter worth approximately $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Leonardo DRS during the 1st quarter worth approximately $50,000. Finally, Twin Tree Management LP acquired a new stake in shares of Leonardo DRS during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 18.76% of the company's stock.

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.