Leonardo DRS, Inc. (NASDAQ:DRS) Receives $35.33 Consensus PT from Analysts

Leonardo DRS, Inc. (NASDAQ:DRS) has received an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $41.00.

A number of research firms have recently weighed in on DRS. Truist Financial upped their price objective on Leonardo DRS from $37.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Morgan Stanley increased their price target on Leonardo DRS from $34.00 to $44.00 and gave the company an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Leonardo DRS from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. BTIG Research set a $49.00 price target on shares of Leonardo DRS and gave the stock a “buy” rating in a research note on Monday. Finally, Bank of America raised shares of Leonardo DRS from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, March 7th.

Leonardo DRS Price Performance

DRS opened at $41.81 on Friday. The stock’s 50-day moving average price is $34.58 and its 200 day moving average price is $33.78. Leonardo DRS has a 12-month low of $21.98 and a 12-month high of $42.62. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 52.93, a PEG ratio of 1.41 and a beta of 0.64. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Leonardo DRS had a net margin of 6.59% and a return on equity of 10.37%. The business had revenue of $799.00 million during the quarter, compared to analyst estimates of $736.72 million. During the same quarter last year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, sell-side analysts expect that Leonardo DRS will post 1.04 earnings per share for the current year.

Leonardo DRS declared that its board has initiated a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Leonardo DRS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, May 22nd. Leonardo DRS’s dividend payout ratio (DPR) is 41.38%.

Insider Buying and Selling at Leonardo DRS

In related news, SVP Pamela Morrow sold 8,854 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $32.84, for a total transaction of $290,765.36. Following the transaction, the senior vice president now owns 17,335 shares in the company, valued at $569,281.40. This trade represents a 33.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Baylouny sold 3,529 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.81, for a total value of $122,844.49. Following the completion of the sale, the chief operating officer now owns 74,805 shares of the company’s stock, valued at approximately $2,603,962.05. This represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,360 shares of company stock worth $3,262,887 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Leonardo DRS by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company’s stock worth $256,377,000 after buying an additional 263,002 shares during the last quarter. FMR LLC increased its holdings in shares of Leonardo DRS by 183.2% in the fourth quarter. FMR LLC now owns 3,457,612 shares of the company’s stock valued at $111,715,000 after purchasing an additional 2,236,661 shares during the period. First Trust Advisors LP raised its stake in shares of Leonardo DRS by 21.2% during the fourth quarter. First Trust Advisors LP now owns 1,594,092 shares of the company’s stock worth $51,505,000 after purchasing an additional 278,541 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Leonardo DRS by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,432,110 shares of the company’s stock worth $46,274,000 after purchasing an additional 166,936 shares during the period. Finally, Franklin Resources Inc. grew its position in Leonardo DRS by 5.0% in the 4th quarter. Franklin Resources Inc. now owns 1,301,964 shares of the company’s stock valued at $42,066,000 after buying an additional 62,395 shares during the last quarter. 18.76% of the stock is currently owned by institutional investors and hedge funds.

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.