Leonardo DRS, Inc. (NASDAQ:DRS) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC boosted its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,080 shares of the company’s stock after buying an additional 11,088 shares during the quarter. Motley Fool Asset Management LLC owned 0.05% of Leonardo DRS worth $2,767,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DRS. SG Americas Securities LLC acquired a new position in Leonardo DRS in the 3rd quarter worth approximately $615,000. Bank of New York Mellon Corp boosted its stake in Leonardo DRS by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 203,406 shares of the company’s stock worth $3,397,000 after purchasing an additional 6,852 shares during the period. Brown Advisory Inc. boosted its stake in Leonardo DRS by 3.3% in the 3rd quarter. Brown Advisory Inc. now owns 1,518,525 shares of the company’s stock worth $25,359,000 after purchasing an additional 49,055 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Leonardo DRS by 1,280.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,585 shares of the company’s stock worth $110,000 after purchasing an additional 6,108 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its stake in Leonardo DRS by 14.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 21,267 shares of the company’s stock worth $355,000 after purchasing an additional 2,653 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Price Performance

NASDAQ:DRS traded up $0.28 on Friday, reaching $21.67. The stock had a trading volume of 371,464 shares, compared to its average volume of 647,630. The company has a market capitalization of $5.69 billion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 3.14 and a beta of 0.80. Leonardo DRS, Inc. has a 1-year low of $14.12 and a 1-year high of $24.00. The company has a quick ratio of 1.47, a current ratio of 1.78 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $21.75 and a 200-day moving average price of $20.12.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Tuesday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $926.00 million for the quarter, compared to analyst estimates of $880.03 million. Leonardo DRS had a net margin of 5.94% and a return on equity of 8.72%. Leonardo DRS’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. Research analysts forecast that Leonardo DRS, Inc. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DRS shares. Bank of America lifted their price objective on shares of Leonardo DRS from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. dropped their target price on shares of Leonardo DRS from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, March 15th. Finally, Truist Financial lifted their target price on shares of Leonardo DRS from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th.

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.