Leonardo DRS, Inc. (NASDAQ:DRS) Receives $46.14 Average Target Price from Analysts

Leonardo DRS, Inc. (NASDAQ:DRS) has earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $47.1429.

A number of equities analysts have weighed in on the company. Morgan Stanley set a $40.00 price objective on Leonardo DRS in a research note on Tuesday, December 16th. Truist Financial set a $54.00 target price on Leonardo DRS in a report on Friday. Canaccord Genuity Group reiterated a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Finally, Zacks Research cut shares of Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, CFO Michael Dippold sold 10,588 shares of Leonardo DRS stock in a transaction on Monday, January 5th. The shares were sold at an average price of $37.00, for a total value of $391,756.00. Following the completion of the transaction, the chief financial officer owned 42,952 shares of the company’s stock, valued at approximately $1,589,224. The trade was a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Baylouny sold 8,481 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $43.69, for a total transaction of $370,534.89. Following the sale, the chief operating officer directly owned 106,007 shares in the company, valued at approximately $4,631,445.83. The trade was a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,369 shares of company stock valued at $808,012. Corporate insiders own 0.34% of the company’s stock.

Institutional Trading of Leonardo DRS

A number of institutional investors and hedge funds have recently modified their holdings of DRS. True Wealth Design LLC lifted its stake in Leonardo DRS by 122.6% in the 3rd quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after buying an additional 298 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Leonardo DRS during the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Leonardo DRS by 91.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock valued at $27,000 after acquiring an additional 275 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Leonardo DRS by 564.1% in the third quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after acquiring an additional 581 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Leonardo DRS by 72.2% in the third quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after acquiring an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $40.99 on Wednesday. The company has a 50 day simple moving average of $34.64 and a two-hundred day simple moving average of $40.20. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 41.83, a PEG ratio of 1.93 and a beta of 0.44. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.12. Leonardo DRS has a 12 month low of $28.17 and a 12 month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $924.79 million. Leonardo DRS had a net margin of 7.43% and a return on equity of 11.37%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. As a group, analysts predict that Leonardo DRS will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, November 18th. Leonardo DRS’s dividend payout ratio (DPR) is currently 36.73%.

About Leonardo DRS

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.