Leonardo DRS (NASDAQ:DRS) Rating Lowered to Hold at Wall Street Zen

Leonardo DRS (NASDAQ:DRS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

DRS has been the topic of a number of other research reports. Truist Financial set a $59.00 price target on shares of Leonardo DRS in a report on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a research report on Monday, December 29th. Finally, Morgan Stanley set a $47.00 target price on Leonardo DRS in a report on Wednesday. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Leonardo DRS currently has an average rating of “Moderate Buy” and an average target price of $48.86.

Leonardo DRS Stock Up 0.1%

DRS opened at $43.39 on Friday. Leonardo DRS has a 12 month low of $28.17 and a 12 month high of $49.31. The business has a 50-day moving average of $39.16 and a two-hundred day moving average of $39.01. 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 stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 2.16 and a beta of 0.41.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.82%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $994.79 million. During the same period in the prior year, the firm posted $0.38 EPS. The company’s revenue was up 8.1% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.200-1.260 EPS. On average, research analysts expect that Leonardo DRS will post 1.04 earnings per share for the current year.

Insider Activity

In other Leonardo DRS news, EVP Sally Wallace sold 1,300 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $35.17, for a total transaction of $45,721.00. Following the transaction, the executive vice president owned 58,353 shares in the company, valued at $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Dippold sold 10,588 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 42,952 shares of the company’s stock, valued at approximately $1,589,224. This trade represents a 19.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.12% of the company’s stock.

Institutional Trading of Leonardo DRS

A number of hedge funds have recently made changes to their positions in DRS. 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. Steward Partners Investment Advisory LLC increased its stake in Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after buying an additional 275 shares during the period. Quarry LP lifted its holdings in Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock worth $29,000 after buying an additional 845 shares in the last quarter. Clearstead Advisors LLC boosted its position in Leonardo DRS by 564.1% in the 3rd quarter. Clearstead Advisors LLC now owns 684 shares of the company’s stock valued at $31,000 after buying an additional 581 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Leonardo DRS by 72.2% during 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 Company Profile

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.