Analysts Set Leonardo DRS, Inc. (NASDAQ:DRS) PT at $32.17

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.17.

A number of equities analysts have recently issued reports on DRS shares. JPMorgan Chase & Co. increased their price objective on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Bank of America downgraded shares of Leonardo DRS from a "buy" rating to a "neutral" rating and lifted their price target for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. 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 research note on Thursday, October 31st.

Insider Transactions at Leonardo DRS

In related news, EVP Sally Wallace sold 4,339 shares of Leonardo DRS stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $34.81, for a total transaction of $151,040.59. Following the completion of the sale, the executive vice president now owns 30,102 shares of the company's stock, valued at approximately $1,047,850.62. This trade represents a 12.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Baylouny sold 8,235 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $34.50, for a total value of $284,107.50. Following the transaction, the chief operating officer now directly owns 81,863 shares of the company's stock, valued at $2,824,273.50. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,554 shares of company stock valued at $3,236,679 over the last three months. Company insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On Leonardo DRS

A number of large investors have recently bought and sold shares of the stock. Covestor Ltd increased its position in Leonardo DRS by 226.8% during 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 in the last quarter. KBC Group NV lifted its position in Leonardo DRS by 42.5% during the third quarter. KBC Group NV now owns 2,585 shares of the company's stock valued at $73,000 after purchasing an additional 771 shares during the period. Point72 Hong Kong Ltd purchased a new position in Leonardo DRS in the third quarter worth about $109,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Leonardo DRS in the third quarter worth approximately $113,000. Finally, New York State Teachers Retirement System increased its stake in shares of Leonardo DRS by 6.9% in the 3rd quarter. New York State Teachers Retirement System now owns 6,722 shares of the company's stock worth $190,000 after purchasing an additional 432 shares in the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Trading Down 1.6 %

NASDAQ DRS traded down $0.53 on Friday, hitting $32.54. The company's stock had a trading volume of 327,490 shares, compared to its average volume of 622,253. The company's 50-day moving average is $33.41 and its 200 day moving average is $29.54. 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 market cap of $8.60 billion, a PE ratio of 43.97, a PEG ratio of 1.76 and a beta of 0.97. Leonardo DRS has a 1-year low of $18.60 and a 1-year high of $37.99.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. As a group, analysts predict that Leonardo DRS will post 0.92 earnings per share for the current fiscal year.

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.