Brokerages Set Leonardo DRS, Inc. (NASDAQ:DRS) Price Target at $53.75

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $53.75.

A number of equities analysts have weighed in on the stock. Truist Financial upgraded shares of Leonardo DRS to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group upped their target price on shares of Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, Director Reuben Jeffery III bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $42.77 per share, for a total transaction of $1,069,250.00. Following the completion of the transaction, the director owned 25,000 shares of the company’s stock, valued at $1,069,250. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Dippold sold 8,318 shares of Leonardo DRS stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $46.48, for a total value of $386,620.64. Following the sale, the chief financial officer directly owned 55,460 shares in the company, valued at $2,577,780.80. This trade represents a 13.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 65,364 shares of company stock valued at $2,994,785. 0.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently modified their holdings of the stock. Erste Asset Management GmbH lifted its position in Leonardo DRS by 503.6% during the fourth quarter. Erste Asset Management GmbH now owns 142,750 shares of the company’s stock valued at $4,872,000 after purchasing an additional 119,100 shares during the last quarter. Swedbank AB grew its stake in shares of Leonardo DRS by 1,026.0% in the 4th quarter. Swedbank AB now owns 96,205 shares of the company’s stock worth $3,280,000 after buying an additional 87,661 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in shares of Leonardo DRS by 24.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,020,223 shares of the company’s stock worth $34,779,000 after buying an additional 202,758 shares during the last quarter. AXQ Capital LP increased its holdings in shares of Leonardo DRS by 301.6% in the 4th quarter. AXQ Capital LP now owns 44,872 shares of the company’s stock worth $1,530,000 after buying an additional 33,699 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Leonardo DRS during the 4th quarter valued at about $37,481,000. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

Shares of DRS opened at $49.21 on Friday. The business has a 50-day simple moving average of $45.59 and a two-hundred day simple moving average of $43.81. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. Leonardo DRS has a 52 week low of $32.43 and a 52 week high of $50.59. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 45.99, a PEG ratio of 3.50 and a beta of 0.36.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Leonardo DRS had a return on equity of 12.02% and a net margin of 7.85%.The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $825.05 million. During the same period in the previous year, the company posted $0.20 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. On average, analysts expect that Leonardo DRS will post 1.3 EPS for the current year.

Leonardo DRS Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, May 19th. Leonardo DRS’s payout ratio is presently 33.64%.

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.