Leonardo DRS, Inc. (NASDAQ:DRS) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,222 shares of the company’s stock after selling 368 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Leonardo DRS were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Leonardo DRS by 2.2% during the first quarter. Vanguard Group Inc. now owns 7,554,321 shares of the company’s stock valued at $166,875,000 after buying an additional 164,971 shares in the last quarter. Driehaus Capital Management LLC grew its stake 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 purchasing an additional 102,198 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Leonardo DRS by 15.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,180,347 shares of the company’s stock worth $48,165,000 after purchasing an additional 290,188 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Leonardo DRS by 1.8% during the first quarter. Kennedy Capital Management LLC now owns 768,163 shares of the company’s stock valued at $16,969,000 after purchasing an additional 13,830 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Leonardo DRS during the second quarter worth approximately $16,916,000. 18.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DRS has been the subject of a number of recent research reports. 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 report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and upped their price objective for the company from $26.00 to $30.00 in a research note 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 company an “outperform” rating in a report on Thursday, October 31st. Finally, BTIG Research raised their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Leonardo DRS currently has a consensus rating of “Moderate Buy” and an average target price of $32.17.

Leonardo DRS Stock Performance

DRS stock opened at $34.96 on Thursday. The stock has a market cap of $9.24 billion, a P/E ratio of 47.24, a P/E/G ratio of 2.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11. The firm has a 50 day simple moving average of $30.37 and a 200 day simple moving average of $27.50. Leonardo DRS, Inc. has a 52 week low of $17.97 and a 52 week high of $37.99.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Wednesday, October 30th. The company reported $0.24 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 the consensus estimate of $775.44 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. Research analysts anticipate that Leonardo DRS, Inc. will post 0.9 earnings per share 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.