Leonardo DRS, Inc. (NASDAQ:DRS) Receives $33.00 Consensus PT from Analysts

Shares of Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) have received a consensus rating of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $33.00.

Several equities analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Leonardo DRS from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Finally, Robert W. Baird raised their target price on Leonardo DRS from $30.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st.

Leonardo DRS Trading Up 0.5 %

NASDAQ DRS traded up $0.15 on Friday, reaching $29.54. The company had a trading volume of 923,941 shares, compared to its average volume of 598,202. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 39.92, a P/E/G ratio of 1.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70. Leonardo DRS has a fifty-two week low of $19.88 and a fifty-two week high of $37.99. The business has a 50 day moving average of $33.84 and a two-hundred day moving average of $31.50.

Insider Activity

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $34.07, for a total transaction of $1,533,150.00. Following the completion of the sale, the chief executive officer now owns 234,937 shares in the company, valued at approximately $8,004,303.59. The trade was a 16.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Dippold sold 25,880 shares of Leonardo DRS 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 transaction, the chief financial officer now owns 47,028 shares of the company's stock, valued at $1,602,714.24. This represents a 35.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 150,089 shares of company stock worth $5,178,619 in the last three months. Company insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On Leonardo DRS

Large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Leonardo DRS by 233.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company's stock valued at $32,000 after purchasing an additional 700 shares during the last quarter. Covestor Ltd increased its stake in Leonardo DRS by 226.8% in the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company's stock valued at $51,000 after buying an additional 1,259 shares during the last quarter. IFP Advisors Inc lifted its position in shares of 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 in the last quarter. KBC Group NV lifted its position in shares of 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 in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Leonardo DRS in the 3rd quarter worth approximately $109,000. 18.76% of the stock is currently owned by institutional investors.

Leonardo DRS Company Profile

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.