Vanguard Group Inc. Has $81.81 Million Stock Position in Leonardo DRS, Inc. (NASDAQ:DRS)

Vanguard Group Inc. lifted its position in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,898,903 shares of the company's stock after acquiring an additional 76,109 shares during the quarter. Vanguard Group Inc. owned 1.87% of Leonardo DRS worth $81,812,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Comerica Bank acquired a new position in Leonardo DRS during the 3rd quarter valued at approximately $36,000. Dark Forest Capital Management LP acquired a new position in Leonardo DRS during the 1st quarter valued at approximately $33,000. Parkside Financial Bank & Trust boosted its position in Leonardo DRS by 196.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,825 shares of the company's stock valued at $49,000 after purchasing an additional 1,872 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Leonardo DRS during the 2nd quarter valued at approximately $72,000. Finally, Lazard Asset Management LLC acquired a new position in Leonardo DRS during the 4th quarter valued at approximately $63,000. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Stock Performance

Leonardo DRS stock traded up $0.25 during mid-day trading on Friday, hitting $20.90. 750,439 shares of the company's stock traded hands, compared to its average volume of 649,015. The firm has a 50 day moving average price of $21.36 and a 200 day moving average price of $19.67. The company has a quick ratio of 1.47, a current ratio of 1.78 and a debt-to-equity ratio of 0.15. The company has a market cap of $5.49 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 3.01 and a beta of 0.80. Leonardo DRS, Inc. has a one year low of $13.71 and a one year high of $24.00.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. Leonardo DRS had a return on equity of 8.72% and a net margin of 5.94%. The company had revenue of $926.00 million for the quarter, compared to the consensus estimate of $880.03 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter last year. On average, equities analysts forecast that Leonardo DRS, Inc. will post 0.8 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on DRS shares. JPMorgan Chase & Co. reduced their price objective on Leonardo DRS from $25.00 to $24.00 and set a "neutral" rating for the company in a research report on Friday, March 15th. Bank of America lifted their target price on Leonardo DRS from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Finally, Truist Financial lifted their target price on Leonardo DRS from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th.

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.