Leonardo DRS (NASDAQ:DRS) Given Buy (B) Rating at Weiss Ratings

Key Points

• Leonardo DRS has been given a Buy (B) rating by Weiss Ratings, with several analysts also issuing positive ratings and price targets ranging between $49.00 and $51.00.
• The company recently reported quarterly earnings of $0.23 per share, exceeding estimates, and experienced a year-over-year revenue increase of 10.1%.
• Insider selling activity saw significant share transactions, including a 27.14% decrease in ownership from Director Eric Salzman after selling shares worth over $181,000.

Leonardo DRS (NASDAQ:DRS - Get Free Report)'s stock had its "buy (b)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on DRS. The Goldman Sachs Group started coverage on shares of Leonardo DRS in a research report on Monday, June 30th. They issued a "buy" rating and a $49.00 price objective for the company. JPMorgan Chase & Co. upped their price target on shares of Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Truist Financial upped their price target on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Canaccord Genuity Group assumed coverage on shares of Leonardo DRS in a research report on Monday, August 11th. They set a "buy" rating and a $50.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $46.75.

Leonardo DRS Stock Performance

NASDAQ:DRS opened at $45.43 on Wednesday. The firm has a 50 day simple moving average of $42.25 and a 200-day simple moving average of $41.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70. The firm has a market cap of $12.09 billion, a PE ratio of 48.85, a P/E/G ratio of 2.33 and a beta of 0.56. Leonardo DRS has a 1-year low of $27.77 and a 1-year high of $49.31.

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

Insider Activity

In other news, Director Eric Salzman sold 4,403 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total value of $181,271.51. Following the completion of the transaction, the director directly owned 11,820 shares in the company, valued at approximately $486,629.40. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Baylouny sold 11,420 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total transaction of $477,127.60. Following the completion of the transaction, the chief operating officer owned 114,488 shares of the company's stock, valued at $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,558 shares of company stock worth $1,933,052. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Leonardo DRS by 5,230.3% during the first quarter. GAMMA Investing LLC now owns 10,554 shares of the company's stock worth $321,000 after purchasing an additional 10,356 shares during the period. Rhumbline Advisers raised its holdings in shares of Leonardo DRS by 5.7% during the first quarter. Rhumbline Advisers now owns 102,479 shares of the company's stock worth $3,369,000 after purchasing an additional 5,561 shares during the period. SG Americas Securities LLC raised its holdings in shares of Leonardo DRS by 55.0% during the first quarter. SG Americas Securities LLC now owns 34,714 shares of the company's stock worth $1,141,000 after purchasing an additional 12,317 shares during the period. Illumine Investment Management LLC raised its holdings in shares of Leonardo DRS by 3.2% during the first quarter. Illumine Investment Management LLC now owns 56,982 shares of the company's stock worth $1,874,000 after purchasing an additional 1,773 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Leonardo DRS during the first quarter worth $260,000. 18.76% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.