Leonardo DRS, Inc. (NASDAQ:DRS) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 15.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 954,216 shares of the company’s stock after selling 168,727 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.36% of Leonardo DRS worth $26,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Leonardo DRS by 50.8% during the fourth quarter. Vanguard Group Inc. now owns 7,389,350 shares of the company’s stock worth $148,083,000 after buying an additional 2,490,447 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Leonardo DRS during the 4th quarter valued at about $35,000. Principal Financial Group Inc. increased its stake in shares of Leonardo DRS by 165.6% in the 1st quarter. Principal Financial Group Inc. now owns 108,008 shares of the company’s stock valued at $2,386,000 after purchasing an additional 67,335 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Leonardo DRS by 52.0% in the 1st quarter. GSA Capital Partners LLP now owns 116,008 shares of the company’s stock worth $2,563,000 after purchasing an additional 39,682 shares during the period. Finally, Essex Investment Management Co. LLC raised its holdings in Leonardo DRS by 0.7% in the 1st quarter. Essex Investment Management Co. LLC now owns 326,128 shares of the company’s stock worth $7,204,000 after purchasing an additional 2,133 shares during the period. 18.76% of the stock is owned by institutional investors and hedge funds.

Leonardo DRS Trading Down 5.0 %

Shares of DRS opened at $30.07 on Friday. Leonardo DRS, Inc. has a 52-week low of $17.97 and a 52-week high of $33.29. The stock has a market cap of $7.93 billion, a PE ratio of 40.64, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96. The firm’s fifty day moving average is $28.44 and its two-hundred day moving average is $26.16. The company has a quick ratio of 1.60, a current ratio of 2.01 and a debt-to-equity ratio of 0.15.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $812.00 million for the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.82%. Leonardo DRS’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. Research analysts forecast that Leonardo DRS, Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America cut Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Robert W. Baird boosted their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday. BTIG Research increased their price objective on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial lifted their target price on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Leonardo DRS currently has a consensus rating of “Moderate Buy” and an average price target of $30.83.

Leonardo DRS 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.