Leonardo DRS, Inc. (NASDAQ:DRS) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 46.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,223 shares of the company’s stock after purchasing an additional 62,042 shares during the period. Citigroup Inc. owned approximately 0.07% of Leonardo DRS worth $5,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System increased its stake in Leonardo DRS by 33.9% in the first quarter. California State Teachers Retirement System now owns 77,704 shares of the company’s stock valued at $1,716,000 after purchasing an additional 19,673 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Leonardo DRS during the first quarter worth approximately $1,265,000. Janus Henderson Group PLC increased its position in shares of Leonardo DRS by 97.2% in the 1st quarter. Janus Henderson Group PLC now owns 41,196 shares of the company’s stock worth $909,000 after purchasing an additional 20,302 shares during the last quarter. Driehaus Capital Management LLC grew its position in shares of Leonardo DRS by 4.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,281,546 shares of the company’s stock worth $58,202,000 after acquiring an additional 102,198 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of Leonardo DRS in the 2nd quarter valued at about $11,093,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Analyst Ratings Changes

DRS has been the subject of several analyst reports. Robert W. Baird boosted their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Bank of America downgraded Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their price target for the company from $26.00 to $30.00 in a report on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.17.

Leonardo DRS Trading Up 0.3 %

Shares of NASDAQ:DRS opened at $34.77 on Monday. The firm has a fifty day moving average price of $31.39 and a 200 day moving average price of $28.16. Leonardo DRS, Inc. has a 1 year low of $18.12 and a 1 year high of $37.99. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $9.19 billion, a PE ratio of 46.99, a P/E/G ratio of 2.11 and a beta of 0.95.

Leonardo DRS (NASDAQ:DRS) last released its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The firm had revenue of $812.00 million for the quarter, compared to analyst estimates of $775.44 million. During the same quarter last year, the firm posted $0.20 EPS. The company’s revenue was up 15.5% on a year-over-year basis. Analysts expect that Leonardo DRS, Inc. will post 0.92 EPS for the current fiscal 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.