Leonardo DRS, Inc. (NASDAQ:DRS) Shares Bought by Weil Company Inc.

Weil Company Inc. grew its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,336 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Weil Company Inc.’s holdings in Leonardo DRS were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DRS. Nisa Investment Advisors LLC raised its position in shares of Leonardo DRS by 1,325.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock worth $29,000 after acquiring an additional 1,074 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Leonardo DRS in the 4th quarter valued at $35,000. EntryPoint Capital LLC lifted its holdings in Leonardo DRS by 165.8% during the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock valued at $37,000 after purchasing an additional 1,033 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Leonardo DRS during the first quarter worth about $50,000. Finally, Comerica Bank lifted its stake in Leonardo DRS by 23.7% in the 1st quarter. Comerica Bank now owns 2,750 shares of the company’s stock valued at $61,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DRS. Truist Financial increased their price objective on Leonardo DRS from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley began coverage on shares of Leonardo DRS in a research note on Friday, May 24th. They set an “equal weight” rating and a $26.00 price objective for the company. BTIG Research raised their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird upped their price target on Leonardo DRS from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.50.

Leonardo DRS Price Performance

Leonardo DRS stock opened at $26.34 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.60 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $27.39 and a 200 day moving average price of $24.35. Leonardo DRS, Inc. has a 12-month low of $15.81 and a 12-month high of $29.85. The stock has a market cap of $6.93 billion, a P/E ratio of 37.62, a PEG ratio of 2.04 and a beta of 0.96.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. The business had revenue of $753.00 million during the quarter, compared to the consensus estimate of $680.38 million. During the same quarter last year, the firm earned $0.15 EPS. The business’s revenue was up 19.9% compared to the same quarter last year. Sell-side analysts anticipate that Leonardo DRS, Inc. will post 0.86 earnings per share for the current year.

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.