Leonardo DRS, Inc. (NASDAQ:DRS) Holdings Lifted by Stephens Inc. AR

Stephens Inc. AR grew its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,308 shares of the company’s stock after purchasing an additional 652 shares during the period. Stephens Inc. AR’s holdings in Leonardo DRS were worth $430,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its stake in shares of Leonardo DRS by 71.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company’s stock worth $25,995,000 after purchasing an additional 384,522 shares in the last quarter. Franklin Resources Inc. grew its holdings in Leonardo DRS by 16.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock valued at $35,371,000 after buying an additional 176,326 shares during the last quarter. Van ECK Associates Corp grew its holdings in Leonardo DRS by 28.2% in the 3rd quarter. Van ECK Associates Corp now owns 557,672 shares of the company’s stock valued at $15,698,000 after buying an additional 122,836 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Leonardo DRS by 1,133.6% in the 3rd quarter. Victory Capital Management Inc. now owns 116,438 shares of the company’s stock worth $3,286,000 after acquiring an additional 106,999 shares during the period. Finally, Barclays PLC lifted its position in shares of Leonardo DRS by 148.5% in the 3rd quarter. Barclays PLC now owns 178,331 shares of the company’s stock worth $5,032,000 after acquiring an additional 106,565 shares during the period. 18.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DRS has been the subject of several analyst reports. JPMorgan Chase & Co. raised 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. Truist Financial lifted their target price on Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird lifted their target price on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.00.

Leonardo DRS Stock Down 9.6 %

NASDAQ:DRS opened at $29.07 on Friday. Leonardo DRS, Inc. has a 1 year low of $19.88 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 cap of $7.69 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 1.51 and a beta of 1.01. The stock has a 50-day moving average price of $34.04 and a two-hundred day moving average price of $31.43.

Insider Buying and Selling at Leonardo DRS

In related news, Director Eric Salzman sold 3,477 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $34.59, for a total transaction of $120,269.43. Following the sale, the director now owns 13,262 shares in the company, valued at approximately $458,732.58. This represents a 20.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William Lynn III sold 45,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $35.25, for a total value of $1,586,250.00. Following the sale, the chief executive officer now owns 189,937 shares in the company, valued at $6,695,279.25. The trade was a 19.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,089 shares of company stock valued at $5,178,619. Company insiders own 0.12% of the company’s stock.

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.