Leonardo DRS, Inc. (NASDAQ:DRS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.83.

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $32.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. 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 report on Friday, March 7th. Finally, Truist Financial boosted their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 3,529 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $31.96, for a total value of $112,786.84. Following the transaction, the chief operating officer now owns 137,283 shares of the company’s stock, valued at approximately $4,387,564.68. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Lynn III sold 45,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $35.25, for a total value of $1,586,250.00. Following the transaction, the chief executive officer now owns 189,937 shares of the company’s stock, valued at $6,695,279.25. The trade was a 19.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,360 shares of company stock worth $4,849,137. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Leonardo DRS in the 1st quarter valued at $46,000. Rhumbline Advisers grew its stake in Leonardo DRS by 5.7% in the first quarter. Rhumbline Advisers now owns 102,479 shares of the company’s stock valued at $3,369,000 after acquiring an additional 5,561 shares during the period. GAMMA Investing LLC increased its holdings in shares of Leonardo DRS by 5,230.3% in the first quarter. GAMMA Investing LLC now owns 10,554 shares of the company’s stock worth $321,000 after acquiring an additional 10,356 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Leonardo DRS during the fourth quarter worth about $5,454,000. Finally, Mackenzie Financial Corp bought a new position in shares of Leonardo DRS during the 4th quarter valued at about $570,000. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Price Performance

NASDAQ:DRS opened at $35.10 on Monday. 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 $9.31 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.73. Leonardo DRS has a 12 month low of $19.88 and a 12 month high of $37.99. The company’s 50-day moving average price is $32.10 and its two-hundred day moving average price is $32.65.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Thursday, February 20th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. Leonardo DRS had a return on equity of 10.37% and a net margin of 6.59%. The business had revenue of $981.00 million for the quarter, compared to the consensus estimate of $942.18 million. On average, equities analysts anticipate that Leonardo DRS will post 1.04 EPS for the current fiscal year.

Leonardo DRS announced that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Leonardo DRS Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, March 13th. Leonardo DRS’s dividend payout ratio is 45.57%.

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.