Leonardo DRS, Inc. (NASDAQ:DRS) Given Consensus Rating of "Moderate Buy" by Brokerages

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $34.83.

A number of equities research analysts have commented on the company. Truist Financial increased their price target on Leonardo DRS from $36.00 to $37.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Bank of America raised shares of Leonardo DRS from a "neutral" rating to a "buy" rating and set a $40.00 price objective for the company in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Leonardo DRS from $32.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st.

Insider Buying and Selling

In other Leonardo DRS news, CFO Michael Dippold sold 26,618 shares of Leonardo DRS stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $32.70, for a total transaction of $870,408.60. Following the completion of the transaction, the chief financial officer now owns 68,802 shares in the company, valued at approximately $2,249,825.40. This trade represents a 27.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William Lynn III sold 45,000 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $35.25, for a total value of $1,586,250.00. Following the completion of the transaction, the chief executive officer now directly owns 189,937 shares of the company's stock, valued at approximately $6,695,279.25. This trade represents a 19.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,360 shares of company stock worth $4,849,137. 0.12% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its position 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 worth $32,000 after purchasing an additional 700 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new stake in Leonardo DRS during the first quarter worth $46,000. IFP Advisors Inc grew its position in Leonardo DRS by 37.0% during the fourth quarter. IFP Advisors Inc now owns 1,944 shares of the company's stock valued at $63,000 after buying an additional 525 shares during the period. Virtus Fund Advisers LLC purchased a new position in Leonardo DRS in the fourth quarter valued at $116,000. Finally, KBC Group NV raised its position in shares of Leonardo DRS by 42.0% in the fourth quarter. KBC Group NV now owns 3,671 shares of the company's stock worth $119,000 after acquiring an additional 1,086 shares during the period. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Leonardo DRS Stock Up 3.4 %

Shares of NASDAQ DRS traded up $1.14 during trading hours on Monday, hitting $35.10. 1,106,230 shares of the stock were exchanged, compared to its average volume of 659,281. The company has a market cap of $9.31 billion, a PE ratio of 44.43, a PEG ratio of 1.41 and a beta of 0.73. Leonardo DRS has a 12 month low of $19.88 and a 12 month high of $37.99. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $32.10 and a 200-day moving average price of $32.65.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The business had revenue of $981.00 million for the quarter, compared to the consensus estimate of $942.18 million. Leonardo DRS had a return on equity of 10.37% and a net margin of 6.59%. On average, sell-side analysts expect that Leonardo DRS will post 1.04 EPS for the current year.

Leonardo DRS announced that its Board of Directors has approved a share buyback plan on Thursday, February 20th that permits the company to repurchase $75.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, March 13th. Leonardo DRS's dividend payout ratio (DPR) is 45.57%.

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.