Leonardo DRS, Inc. (NASDAQ:DRS) Shares Purchased by KBC Group NV

KBC Group NV boosted its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 42.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,671 shares of the company’s stock after acquiring an additional 1,086 shares during the period. KBC Group NV’s holdings in Leonardo DRS were worth $119,000 as of its most recent SEC filing.

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

Insider Transactions at Leonardo DRS

In related news, COO John Baylouny sold 3,529 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total transaction of $112,575.10. Following the transaction, the chief operating officer now directly owns 78,334 shares of the company’s stock, valued at approximately $2,498,854.60. The trade was a 4.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William Lynn III sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $34.07, for a total value of $1,533,150.00. Following the completion of the transaction, the chief executive officer now owns 234,937 shares of the company’s stock, valued at approximately $8,004,303.59. This represents a 16.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,083 shares of company stock worth $4,935,505 in the last three months. Company insiders own 0.12% of the company’s stock.

Leonardo DRS Stock Performance

Leonardo DRS stock opened at $34.62 on Friday. 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 firm has a market capitalization of $9.15 billion, a P/E ratio of 46.78, a PEG ratio of 1.55 and a beta of 1.01. The stock has a fifty day moving average price of $34.31 and a 200 day moving average price of $31.22. Leonardo DRS, Inc. has a 52 week low of $19.24 and a 52 week high of $37.99.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DRS. Truist Financial boosted their price target on Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird raised their price objective on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Leonardo DRS 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.