Stephens Inc. AR Buys 907 Shares of Leonardo DRS, Inc. (NASDAQ:DRS)

Stephens Inc. AR lifted its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 7.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,656 shares of the company’s stock after acquiring an additional 907 shares during the period. Stephens Inc. AR’s holdings in Leonardo DRS were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DRS. Swiss National Bank raised its stake in shares of Leonardo DRS by 50.5% in the 1st quarter. Swiss National Bank now owns 155,300 shares of the company’s stock valued at $3,431,000 after acquiring an additional 52,100 shares in the last quarter. Sei Investments Co. raised its stake in shares of Leonardo DRS by 2.3% in the 1st quarter. Sei Investments Co. now owns 113,252 shares of the company’s stock valued at $2,502,000 after acquiring an additional 2,579 shares in the last quarter. Russell Investments Group Ltd. increased its position in Leonardo DRS by 32.1% in the 1st quarter. Russell Investments Group Ltd. now owns 188,737 shares of the company’s stock worth $4,169,000 after buying an additional 45,821 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Leonardo DRS by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,346 shares of the company’s stock worth $273,000 after buying an additional 972 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its holdings in shares of Leonardo DRS by 289.3% during the first quarter. Motley Fool Asset Management LLC now owns 537,536 shares of the company’s stock worth $11,874,000 after buying an additional 399,456 shares during the last quarter. 18.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DRS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday. Truist Financial upped their price target on Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird upped their price target on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Bank of America lowered Leonardo DRS from a “buy” rating to a “neutral” rating and upped their price target for the stock from $26.00 to $30.00 in a report on Tuesday, September 24th. Finally, BTIG Research upped their price target on Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.17.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $35.43 on Friday. The business has a fifty day simple moving average of $28.81 and a 200 day simple moving average of $26.52. Leonardo DRS, Inc. has a one year low of $17.97 and a one year high of $35.84. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 47.88, a PEG ratio of 1.98 and a beta of 0.95. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share 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 analysts’ expectations of $775.44 million. During the same period in the prior year, the business posted $0.20 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. Sell-side analysts expect that Leonardo DRS, Inc. will post 0.89 EPS for the current year.

About Leonardo DRS

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.