Leonardo DRS (NASDAQ:DRS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Leonardo DRS (NASDAQ:DRS) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other research analysts also recently issued reports about the company. Truist Financial set a $54.00 price target on Leonardo DRS in a report on Friday, January 9th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Leonardo DRS in a research report on Thursday, October 30th. Morgan Stanley set a $40.00 target price on Leonardo DRS in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Leonardo DRS in a research note on Monday, December 29th. Finally, Zacks Research cut Leonardo DRS from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.14.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $38.13 on Friday. The company has a 50-day simple moving average of $37.80 and a 200-day simple moving average of $39.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.63. The company has a market cap of $10.14 billion, a PE ratio of 38.91, a price-to-earnings-growth ratio of 1.90 and a beta of 0.45. Leonardo DRS has a 12 month low of $28.17 and a 12 month high of $49.31.

Insider Transactions at Leonardo DRS

In related news, CFO Michael Dippold sold 10,588 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 42,952 shares in the company, valued at approximately $1,589,224. This trade represents a 19.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sally Wallace sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $35.17, for a total transaction of $45,721.00. Following the sale, the executive vice president owned 58,353 shares of the company’s stock, valued at approximately $2,052,275.01. This represents a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

Several hedge funds and other institutional investors have recently bought and sold shares of DRS. Steward Partners Investment Advisory LLC grew its position in Leonardo DRS by 91.7% in 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 in the last quarter. True Wealth Design LLC boosted its stake in shares of Leonardo DRS by 122.6% in the third quarter. True Wealth Design LLC now owns 541 shares of the company’s stock valued at $25,000 after purchasing an additional 298 shares during the period. Bank of Montreal Can grew its holdings in Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock valued at $665,000 after purchasing an additional 309 shares in the last quarter. GAMMA Investing LLC grew its holdings in Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock valued at $34,000 after purchasing an additional 315 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Leonardo DRS by 4.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after buying an additional 322 shares during the period. 18.76% of the stock is owned by institutional investors and hedge funds.

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.