Leonardo DRS (NASDAQ:DRS) Stock Rating Upgraded by Guggenheim

Leonardo DRS (NASDAQ:DRS) was upgraded by equities research analysts at Guggenheim to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings raised shares of Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Leonardo DRS from $48.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Leonardo DRS has a consensus rating of “Buy” and an average target price of $53.17.

Leonardo DRS Stock Up 0.6%

Shares of DRS stock opened at $37.09 on Monday. Leonardo DRS has a one year low of $32.43 and a one year high of $50.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.92 and a quick ratio of 1.56. The stock has a fifty day moving average price of $42.23 and a 200 day moving average price of $43.91. The stock has a market cap of $9.90 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 2.27 and a beta of 0.35.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $913.00 million for the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Analysts predict that Leonardo DRS will post 1.37 earnings per share for the current year.

Insider Buying and Selling at Leonardo DRS

In related news, EVP Jason Rinsky sold 3,864 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.81, for a total transaction of $177,009.84. Following the completion of the sale, the executive vice president owned 23,581 shares in the company, valued at $1,080,245.61. This trade represents a 14.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael Dippold sold 20,317 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $37.18, for a total transaction of $755,386.06. Following the sale, the chief financial officer owned 35,143 shares of the company’s stock, valued at $1,306,616.74. This trade represents a 36.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,046 shares of company stock worth $1,107,751 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

Institutional Trading of Leonardo DRS

Hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in shares of Leonardo DRS by 4.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock valued at $246,000 after buying an additional 322 shares during the period. Stephens Inc. AR increased its position in shares of Leonardo DRS by 3.3% in the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock valued at $415,000 after buying an additional 389 shares in the last quarter. IFP Advisors Inc raised its stake in Leonardo DRS by 26.9% during the 2nd quarter. IFP Advisors Inc now owns 2,030 shares of the company’s stock worth $87,000 after buying an additional 430 shares during the period. Amundi raised its stake in Leonardo DRS by 4.4% during the 1st quarter. Amundi now owns 12,124 shares of the company’s stock worth $540,000 after buying an additional 507 shares during the period. Finally, Essential Partners LLC lifted its holdings in Leonardo DRS by 68.7% during the first quarter. Essential Partners LLC now owns 1,302 shares of the company’s stock worth $58,000 after acquiring an additional 530 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

About Leonardo DRS

Leonardo DRS, Inc is a defense technology company that develops and manufactures advanced products and systems for the U.S. Department of Defense, other government agencies and allied military customers. The company supports land, sea and air platforms as well as command, control, communications, computers, intelligence, surveillance and reconnaissance missions.

Its offerings include electro-optical and infrared sensing systems, network computing and communications equipment, electronic warfare technologies, power and propulsion systems, thermal management solutions, force protection products and advanced battle-management systems.