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

Shares of Leonardo DRS, Inc. (NASDAQ:DRSGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $33.00.

DRS has been the topic of several recent analyst reports. Robert W. Baird increased their target price 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. Truist Financial increased their price objective on shares of Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted 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.

Get Our Latest Analysis on Leonardo DRS

Insider Buying and Selling

In other Leonardo DRS news, COO John Baylouny sold 8,235 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $34.50, for a total value of $284,107.50. Following the sale, the chief operating officer now directly owns 81,863 shares of the company’s stock, valued at approximately $2,824,273.50. This trade represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Dippold sold 25,880 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $34.08, for a total value of $881,990.40. Following the transaction, the chief financial officer now owns 47,028 shares in the company, valued at $1,602,714.24. This trade represents a 35.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,083 shares of company stock valued at $3,349,255. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Leonardo DRS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new position in Leonardo DRS in the 2nd quarter worth approximately $16,916,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Leonardo DRS by 71.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company’s stock valued at $25,995,000 after acquiring an additional 384,522 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Leonardo DRS by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock valued at $35,371,000 after purchasing an additional 176,326 shares during the period. Van ECK Associates Corp grew its holdings in shares of Leonardo DRS by 28.2% in the third quarter. Van ECK Associates Corp now owns 557,672 shares of the company’s stock valued at $15,698,000 after purchasing an additional 122,836 shares during the period. Finally, Victory Capital Management Inc. increased its position in Leonardo DRS by 1,133.6% during the third quarter. Victory Capital Management Inc. now owns 116,438 shares of the company’s stock worth $3,286,000 after purchasing an additional 106,999 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $36.81 on Wednesday. The firm’s fifty day moving average is $34.23 and its two-hundred day moving average is $30.65. Leonardo DRS has a 52-week low of $18.73 and a 52-week high of $37.99. The company has a market cap of $9.73 billion, a P/E ratio of 49.74, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11.

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

Leonardo DRS Company Profile

(Get Free Report

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.

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Analyst Recommendations for Leonardo DRS (NASDAQ:DRS)

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