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

Shares of Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $45.86.

DRS has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Truist Financial lifted their target price on Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, July 11th. BTIG Research set a $49.00 target price on Leonardo DRS and gave the company a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group assumed coverage on Leonardo DRS in a research note on Monday, June 30th. They issued a "buy" rating and a $49.00 target price on the stock. Finally, Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th.

Leonardo DRS Price Performance

DRS stock traded down $0.20 during midday trading on Wednesday, hitting $48.13. The company's stock had a trading volume of 2,128,513 shares, compared to its average volume of 838,569. Leonardo DRS has a 12 month low of $22.73 and a 12 month high of $49.09. 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 firm has a market capitalization of $12.80 billion, a price-to-earnings ratio of 55.32, a price-to-earnings-growth ratio of 2.80 and a beta of 0.63. The company has a 50 day moving average of $44.28 and a two-hundred day moving average of $37.56.

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, beating analysts' consensus estimates of $0.17 by $0.03. The firm 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%. The company's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, analysts expect that Leonardo DRS will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 22nd. Leonardo DRS's payout ratio is 41.38%.

Insider Transactions at Leonardo DRS

In other news, Director David W. Carey sold 6,438 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $45.94, for a total value of $295,761.72. Following the transaction, the director owned 23,882 shares of the company's stock, valued at $1,097,139.08. This represents a 21.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Leonardo DRS

Hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its stake in 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 buying an additional 700 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in 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 buying an additional 611 shares during the last quarter. JTC Employer Solutions Trustee Ltd purchased a new position in Leonardo DRS during the 1st quarter worth approximately $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Leonardo DRS in the first quarter valued at approximately $50,000. Finally, Twin Tree Management LP acquired a new position in shares of Leonardo DRS in the first quarter valued at approximately $58,000. 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.