Stephens Investment Management Group LLC Has $25.39 Million Stock Holdings in Leonardo DRS, Inc. (NASDAQ:DRS)

Stephens Investment Management Group LLC lowered its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 772,309 shares of the company's stock after selling 30,611 shares during the period. Stephens Investment Management Group LLC owned about 0.29% of Leonardo DRS worth $25,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its position in Leonardo DRS by 233.3% during 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. Nisa Investment Advisors LLC boosted its stake in shares of Leonardo DRS by 92.3% in the first quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company's stock valued at $42,000 after purchasing an additional 611 shares during the period. JTC Employer Solutions Trustee Ltd bought a new position in Leonardo DRS during the 1st quarter valued at $46,000. Virtus Fund Advisers LLC bought a new position in Leonardo DRS during the 4th quarter valued at $116,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Leonardo DRS during the fourth quarter worth $219,000. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Trading Up 0.9%

Shares of DRS stock traded up $0.42 on Wednesday, reaching $48.01. The company had a trading volume of 1,593,465 shares, compared to its average volume of 830,670. The company has a current ratio of 2.02, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $12.77 billion, a PE ratio of 47.59, a PEG ratio of 2.76 and a beta of 0.63. The company has a 50-day moving average of $43.89 and a 200-day moving average of $37.27. Leonardo DRS, Inc. has a 12 month low of $22.73 and a 12 month high of $48.86.

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

Leonardo DRS Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.09 per share. 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 dividend payout ratio is 41.38%.

Insider Transactions at Leonardo DRS

In other Leonardo DRS 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 transaction, the director owned 23,882 shares in the company, valued at $1,097,139.08. This trade represents a 21.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. The Goldman Sachs Group started coverage on shares of Leonardo DRS in a research report on Monday, June 30th. They set a "buy" rating and a $49.00 price objective for the company. Truist Financial raised their target price on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Morgan Stanley raised their price target on shares of Leonardo DRS from $34.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.