Leonardo DRS, Inc. (NASDAQ:DRS) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 72.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,651 shares of the company's stock after selling 23,091 shares during the quarter. Brown Advisory Inc.'s holdings in Leonardo DRS were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DRS. Steward Partners Investment Advisory LLC grew its holdings in shares of Leonardo DRS by 233.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company's stock worth $32,000 after purchasing an additional 700 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Leonardo DRS in the fourth quarter worth about $4,304,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Leonardo DRS by 23.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,287 shares of the company's stock worth $946,000 after acquiring an additional 5,613 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Leonardo DRS in the fourth quarter worth about $219,000. Finally, Swiss National Bank lifted its stake in Leonardo DRS by 0.9% in the fourth quarter. Swiss National Bank now owns 155,600 shares of the company's stock worth $5,027,000 after acquiring an additional 1,400 shares during the period. Institutional investors own 18.76% of the company's stock.

Leonardo DRS Stock Down 0.4%

Shares of Leonardo DRS stock traded down $0.20 on Friday, reaching $48.13. 2,128,513 shares of the company were exchanged, compared to its average volume of 836,575. Leonardo DRS, Inc. has a 1-year low of $22.73 and a 1-year high of $49.09. The company has a market cap of $12.80 billion, a P/E ratio of 55.32, a price-to-earnings-growth ratio of 2.79 and a beta of 0.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.02 and a quick ratio of 1.64. The stock's 50 day moving average price is $44.28 and its 200-day moving average price is $37.60.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $799.00 million during the quarter, compared to the consensus estimate of $736.72 million. Leonardo DRS had a return on equity of 10.63% and a net margin of 7.00%. The company's revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, equities analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 22nd. Leonardo DRS's payout ratio is 41.38%.

Insider Transactions at Leonardo DRS

In related news, Director David W. Carey sold 6,438 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $45.94, for a total transaction of $295,761.72. Following the sale, the director owned 23,882 shares of the company's stock, valued at $1,097,139.08. This trade represents a 21.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DRS. The Goldman Sachs Group began coverage on shares of Leonardo DRS in a research report on Monday, June 30th. They set a "buy" rating and a $49.00 price target for the company. BTIG Research set a $49.00 price target on shares of Leonardo DRS and gave the stock a "buy" rating in a report on Monday, May 5th. Wall Street Zen cut shares of Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Truist Financial lifted their price target on shares of Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $45.86.

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.