Leonardo DRS, Inc. (NASDAQ:DRS) Receives $47.14 Consensus Target Price from Brokerages

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $47.1429.

DRS has been the topic of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $50.00 price target on shares of Leonardo DRS in a research note on Thursday, October 30th. Zacks Research lowered Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Truist Financial dropped their price target on Leonardo DRS from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Leonardo DRS in a report on Wednesday, December 10th.

Leonardo DRS Trading Down 2.3%

Shares of NASDAQ:DRS opened at $33.68 on Friday. The company’s 50-day moving average price is $36.86 and its two-hundred day moving average price is $41.39. Leonardo DRS has a one year low of $28.17 and a one year high of $49.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.63. The stock has a market capitalization of $8.96 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $924.79 million. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. Leonardo DRS has set its FY 2025 guidance at 1.070-1.120 EPS. On average, equities analysts forecast that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th were given a $0.09 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.1%. Leonardo DRS’s dividend payout ratio (DPR) is presently 36.73%.

Insider Activity at Leonardo DRS

In related news, COO John Baylouny sold 11,420 shares of Leonardo DRS stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the transaction, the chief operating officer directly owned 114,488 shares of the company’s stock, valued at $4,783,308.64. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Leonardo DRS

A number of institutional investors have recently added to or reduced their stakes in the business. MRP Capital Investments LLC boosted its holdings in Leonardo DRS by 17.1% in the third quarter. MRP Capital Investments LLC now owns 37,585 shares of the company’s stock valued at $1,747,000 after acquiring an additional 5,500 shares during the last quarter. Allworth Financial LP grew its stake in shares of Leonardo DRS by 504.1% in the 3rd quarter. Allworth Financial LP now owns 882 shares of the company’s stock valued at $40,000 after buying an additional 736 shares during the period. Penn Capital Management Company LLC grew its stake in Leonardo DRS by 0.9% in the third quarter. Penn Capital Management Company LLC now owns 45,880 shares of the company’s stock valued at $2,115,000 after acquiring an additional 406 shares during the period. Harvest Investment Services LLC grew its position in Leonardo DRS by 1,026.4% in the 3rd quarter. Harvest Investment Services LLC now owns 67,744 shares of the company’s stock valued at $3,076,000 after purchasing an additional 61,730 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in shares of Leonardo DRS during the third quarter worth about $1,301,000. 18.76% of the stock is 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.