Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 313,071 shares changed hands during mid-day trading, a decline of 52% from the previous session's volume of 657,874 shares.The stock last traded at $21.06 and had previously closed at $20.90.
Wall Street Analyst Weigh In
DRS has been the topic of a number of recent analyst reports. Truist Financial upped their price objective on Leonardo DRS from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. dropped their price objective on Leonardo DRS from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Friday, March 15th. Finally, Bank of America upped their price objective on Leonardo DRS from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, March 15th.
Check Out Our Latest Analysis on Leonardo DRS
Leonardo DRS Price Performance
The company has a 50-day moving average of $21.36 and a two-hundred day moving average of $19.69. The stock has a market capitalization of $5.56 billion, a PE ratio of 33.08, a P/E/G ratio of 3.05 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.78 and a quick ratio of 1.47.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. Leonardo DRS had a return on equity of 8.72% and a net margin of 5.94%. The firm had revenue of $926.00 million for the quarter, compared to the consensus estimate of $880.03 million. During the same period in the prior year, the business posted $0.35 earnings per share. The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. Sell-side analysts predict that Leonardo DRS, Inc. will post 0.8 EPS for the current fiscal year.
Institutional Investors Weigh In On Leonardo DRS
A number of large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Leonardo DRS in the fourth quarter valued at about $35,000. Vanguard Group Inc. grew its stake in Leonardo DRS by 50.8% during the 4th quarter. Vanguard Group Inc. now owns 7,389,350 shares of the company's stock valued at $148,083,000 after purchasing an additional 2,490,447 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Leonardo DRS by 12.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 58,484 shares of the company's stock valued at $1,172,000 after purchasing an additional 6,497 shares in the last quarter. American International Group Inc. grew its stake in Leonardo DRS by 35.5% during the 4th quarter. American International Group Inc. now owns 34,154 shares of the company's stock valued at $684,000 after purchasing an additional 8,946 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Leonardo DRS by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,890,159 shares of the company's stock valued at $37,880,000 after purchasing an additional 299,275 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.
Leonardo DRS Company Profile
(
Get Free Report)
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.
See Also
Before you consider Leonardo DRS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Leonardo DRS wasn't on the list.
While Leonardo DRS currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
