Leonardo DRS, Inc. (NASDAQ:DRS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Leonardo DRS, Inc. (NASDAQ:DRS) have received an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $33.00.

Several equities analysts recently commented on DRS shares. Robert W. Baird increased their target price on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Truist Financial boosted their target price on Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their price target 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.

Insider Activity at Leonardo DRS

In related news, CEO William Lynn III sold 45,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $34.07, for a total transaction of $1,533,150.00. Following the completion of the sale, the chief executive officer now owns 234,937 shares in the company, valued at $8,004,303.59. This represents a 16.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sally Wallace sold 4,339 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $34.81, for a total value of $151,040.59. Following the completion of the transaction, the executive vice president now owns 30,102 shares in the company, valued at $1,047,850.62. This trade represents a 12.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 150,089 shares of company stock valued at $5,178,619 in the last three months. 0.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Leonardo DRS

A number of large investors have recently bought and sold shares of DRS. Vanguard Group Inc. increased its stake 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 acquiring an additional 263,002 shares during the period. FMR LLC boosted its holdings in Leonardo DRS by 183.2% in the 4th 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 in the last quarter. Geode Capital Management LLC increased its position in Leonardo DRS by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock worth $54,061,000 after purchasing an additional 51,014 shares during the period. First Trust Advisors LP raised its stake in shares of Leonardo DRS by 21.2% during the 4th quarter. First Trust Advisors LP now owns 1,594,092 shares of the company’s stock worth $51,505,000 after buying an additional 278,541 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Leonardo DRS by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,432,110 shares of the company’s stock valued at $46,274,000 after buying an additional 166,936 shares during the period. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Down 9.6 %

Shares of Leonardo DRS stock opened at $29.07 on Friday. Leonardo DRS has a 52-week low of $19.88 and a 52-week high of $37.99. The company has a 50 day moving average of $34.04 and a 200 day moving average of $31.43. 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 company has a market capitalization of $7.69 billion, a P/E ratio of 39.28, a P/E/G ratio of 1.51 and a beta of 1.01.

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.