Yorktown Management & Research Co Inc Takes Position in Leonardo DRS, Inc. (NASDAQ:DRS)

Yorktown Management & Research Co Inc bought a new stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,900 shares of the company's stock, valued at approximately $260,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Leonardo DRS by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company's stock valued at $256,377,000 after purchasing an additional 263,002 shares in the last quarter. FMR LLC lifted its holdings in shares of Leonardo DRS by 183.2% in the fourth quarter. FMR LLC now owns 3,457,612 shares of the company's stock valued at $111,715,000 after purchasing an additional 2,236,661 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Leonardo DRS by 21.2% in the fourth quarter. First Trust Advisors LP now owns 1,594,092 shares of the company's stock valued at $51,505,000 after purchasing an additional 278,541 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Leonardo DRS by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,432,110 shares of the company's stock valued at $46,274,000 after purchasing an additional 166,936 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Leonardo DRS by 5.0% in the fourth quarter. Franklin Resources Inc. now owns 1,301,964 shares of the company's stock valued at $42,066,000 after purchasing an additional 62,395 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David W. Carey sold 6,438 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $45.94, for a total value of $295,761.72. Following the transaction, the director now owns 23,882 shares of the company's stock, valued at approximately $1,097,139.08. This represents a 21.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Baylouny sold 3,529 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $31.96, for a total value of $112,786.84. Following the completion of the transaction, the chief operating officer now directly owns 137,283 shares in the company, valued at $4,387,564.68. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.34% of the company's stock.

Leonardo DRS Stock Up 1.0%

DRS traded up $0.44 on Friday, hitting $45.04. 11,143,459 shares of the company were exchanged, compared to its average volume of 803,582. The stock's fifty day moving average is $41.80 and its 200-day moving average is $36.14. The company has a market cap of $11.98 billion, a PE ratio of 51.77, a PEG ratio of 2.59 and a beta of 0.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 2.02. Leonardo DRS, Inc. has a 12 month low of $22.73 and a 12 month high of $46.96.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. The firm had revenue of $799.00 million for 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 business's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 earnings per share. Equities research analysts predict that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal 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 given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, May 22nd. Leonardo DRS's dividend payout ratio (DPR) is presently 41.38%.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of research reports. Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a report on Friday. BTIG Research set a $49.00 target price on Leonardo DRS and gave the stock a "buy" rating in a report on Monday, May 5th. JPMorgan Chase & Co. upped their target price on Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Morgan Stanley upped their target price on Leonardo DRS from $34.00 to $44.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Truist Financial upped their target price on Leonardo DRS from $37.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.50.

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.