Brokerages Set Leonardo DRS, Inc. (NASDAQ:DRS) PT at $32.17

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.17.

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Bank of America cut shares of Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $26.00 to $30.00 in a research note on Tuesday, September 24th.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $34.93 on Tuesday. Leonardo DRS has a 52 week low of $18.24 and a 52 week high of $37.99. The stock has a market capitalization of $9.24 billion, a PE ratio of 47.20, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97. The stock has a 50 day moving average price of $31.98 and a 200 day moving average price of $28.42. 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:DRS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company 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 firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Analysts predict that Leonardo DRS will post 0.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Michael Dippold sold 25,880 shares of the firm’s 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 sale, the chief financial officer now directly owns 47,028 shares of the company’s stock, valued at approximately $1,602,714.24. This trade represents a 35.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pamela Morrow sold 11,100 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $34.81, for a total transaction of $386,391.00. Following the completion of the sale, the senior vice president now directly owns 12,565 shares in the company, valued at $437,387.65. This represents a 46.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,319 shares of company stock worth $2,952,572 in the last 90 days. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. raised its stake in shares of Leonardo DRS by 16.6% during 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. Geode Capital Management LLC raised its stake in shares of Leonardo DRS by 2.7% during the third quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock valued at $54,061,000 after purchasing an additional 51,014 shares during the period. Barclays PLC raised its stake in shares of Leonardo DRS by 148.5% during the third quarter. Barclays PLC now owns 178,331 shares of the company’s stock valued at $5,032,000 after purchasing an additional 106,565 shares during the period. Zacks Investment Management purchased a new stake in shares of Leonardo DRS during the third quarter valued at approximately $1,381,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Leonardo DRS in the third quarter worth $311,000. 18.76% of the stock is 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.