Leonardo DRS, Inc. (NASDAQ:DRS) Receives $45.86 Consensus Price Target from Analysts

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

Several equities analysts recently weighed in on the company. Morgan Stanley lifted their target price on Leonardo DRS from $34.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Truist Financial boosted their price target on Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Finally, The Goldman Sachs Group assumed coverage on Leonardo DRS in a report on Monday, June 30th. They set a "buy" rating and a $49.00 target price for the company.

Insider Activity

In related news, Director David W. Carey sold 6,438 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $45.94, for a total value of $295,761.72. Following the completion of the transaction, the director owned 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Leonardo DRS

Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased 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 in the last quarter. Nisa Investment Advisors LLC increased 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 in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new stake in Leonardo DRS during the 1st quarter worth approximately $46,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Leonardo DRS during the 1st quarter worth approximately $50,000. Finally, Twin Tree Management LP purchased a new stake in Leonardo DRS during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Stock Up 0.9%

DRS traded up $0.42 during trading on Wednesday, hitting $48.01. 1,593,465 shares of the company's stock traded hands, compared to its average volume of 830,466. The company's 50 day simple moving average is $43.89 and its two-hundred day simple moving average is $37.27. The company has a current ratio of 2.02, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Leonardo DRS has a 12-month low of $22.73 and a 12-month high of $48.86. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 2.78 and a beta of 0.63.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. The firm had revenue of $799.00 million for 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 revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Analysts predict that Leonardo DRS will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently declared 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. This represents a $0.36 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 22nd. Leonardo DRS's dividend payout ratio is currently 41.38%.

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.