Leonardo DRS (NASDAQ:DRS) Reaches New 52-Week High - Should You Buy?

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $30.50 and last traded at $30.24, with a volume of 37576 shares changing hands. The stock had previously closed at $30.35.

Analysts Set New Price Targets

DRS has been the subject of several research reports. Robert W. Baird lifted their target price on Leonardo DRS from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Truist Financial lifted their price objective on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. BTIG Research increased their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, Bank of America downgraded shares of Leonardo DRS from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $26.00 to $30.00 in a research note on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $29.17.

Leonardo DRS Stock Performance

The company has a market cap of $7.99 billion, a PE ratio of 43.36, a PEG ratio of 1.93 and a beta of 0.96. The stock has a 50 day simple moving average of $27.82 and a two-hundred day simple moving average of $25.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.01 and a quick ratio of 1.60.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. The business had revenue of $753.00 million for the quarter, compared to analysts' expectations of $680.38 million. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. The company's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. Equities analysts predict that Leonardo DRS, Inc. will post 0.86 EPS for the current year.

Institutional Trading of Leonardo DRS

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRS. Nisa Investment Advisors LLC raised its position in Leonardo DRS by 1,325.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company's stock worth $29,000 after buying an additional 1,074 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in Leonardo DRS during the fourth quarter worth about $35,000. EntryPoint Capital LLC lifted its position in Leonardo DRS by 165.8% in the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company's stock valued at $37,000 after purchasing an additional 1,033 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Leonardo DRS in the 1st quarter valued at approximately $50,000. Finally, Comerica Bank increased its position in Leonardo DRS by 23.7% during the 1st quarter. Comerica Bank now owns 2,750 shares of the company's stock worth $61,000 after purchasing an additional 527 shares during the period. 18.76% of the stock is owned by hedge funds and other 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.