Leonardo DRS, Inc. (NASDAQ:DRS) Receives Average Rating of "Moderate Buy" from Analysts

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $33.17.

DRS has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Leonardo DRS from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday. Truist Financial boosted their price target on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, October 31st.

Leonardo DRS Stock Performance

DRS stock traded down $2.35 during trading on Friday, hitting $28.85. 1,577,721 shares of the company's stock traded hands, compared to its average volume of 663,404. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. Leonardo DRS has a 52 week low of $19.88 and a 52 week high of $37.99. The stock has a fifty day moving average price of $33.67 and a two-hundred day moving average price of $31.49. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The firm had revenue of $981.00 million during the quarter, compared to analyst estimates of $942.18 million. As a group, equities analysts anticipate that Leonardo DRS will post 0.92 EPS for the current fiscal year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, March 13th.

Leonardo DRS announced that its board has authorized a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $34.07, for a total value of $1,533,150.00. Following the completion of the sale, the chief executive officer now directly owns 234,937 shares of the company's stock, valued at approximately $8,004,303.59. This represents a 16.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Dippold sold 25,880 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $34.08, for a total transaction of $881,990.40. Following the completion of the sale, the chief financial officer now directly owns 47,028 shares of the company's stock, valued at $1,602,714.24. The trade was a 35.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,089 shares of company stock valued at $5,178,619 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Leonardo DRS

A number of institutional investors and hedge funds have recently bought and sold shares of DRS. Steward Partners Investment Advisory LLC lifted its holdings in Leonardo DRS by 233.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company's stock valued at $32,000 after acquiring an additional 700 shares during the last quarter. Covestor Ltd raised its holdings in Leonardo DRS by 226.8% during the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company's stock worth $51,000 after buying an additional 1,259 shares during the period. IFP Advisors Inc raised its holdings in Leonardo DRS by 37.0% during the 4th quarter. IFP Advisors Inc now owns 1,944 shares of the company's stock worth $63,000 after buying an additional 525 shares during the period. KBC Group NV raised its holdings in Leonardo DRS by 42.5% during the 3rd quarter. KBC Group NV now owns 2,585 shares of the company's stock worth $73,000 after buying an additional 771 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Leonardo DRS during the 3rd quarter worth about $109,000. 18.76% of the stock is owned by institutional investors and hedge funds.

About Leonardo DRS

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.