Leonardo DRS, Inc. (NASDAQ:DRS) Holdings Boosted by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 60.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 462,517 shares of the company's stock after buying an additional 174,036 shares during the quarter. Leonardo DRS accounts for about 1.7% of Moody Aldrich Partners LLC's portfolio, making the stock its 6th largest position. Moody Aldrich Partners LLC owned approximately 0.18% of Leonardo DRS worth $9,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC acquired a new position in Leonardo DRS in the 4th quarter worth about $357,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Leonardo DRS by 506.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 68,088 shares of the company's stock valued at $1,364,000 after purchasing an additional 56,863 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Leonardo DRS by 1.6% in the third quarter. Vanguard Group Inc. now owns 4,898,903 shares of the company's stock valued at $81,812,000 after purchasing an additional 76,109 shares in the last quarter. Citigroup Inc. grew its position in shares of Leonardo DRS by 101.1% in the third quarter. Citigroup Inc. now owns 107,725 shares of the company's stock valued at $1,799,000 after purchasing an additional 54,150 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Leonardo DRS by 15.4% in the third quarter. Deutsche Bank AG now owns 25,425 shares of the company's stock valued at $425,000 after purchasing an additional 3,388 shares in the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Leonardo DRS Stock Down 1.2 %

Leonardo DRS stock traded down $0.26 during trading on Tuesday, reaching $20.91. 708,915 shares of the company's stock were exchanged, compared to its average volume of 669,973. The company's 50-day moving average is $21.41 and its two-hundred day moving average is $19.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.47 and a current ratio of 1.78. Leonardo DRS, Inc. has a 52-week low of $14.12 and a 52-week high of $24.00. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 32.67, a PEG ratio of 3.05 and a beta of 0.80.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on DRS. Truist Financial upped their price target on Leonardo DRS from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Bank of America increased their target price on Leonardo DRS from $22.00 to $26.00 and gave the company a "buy" rating in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Leonardo DRS from $25.00 to $24.00 and set a "neutral" rating on the stock in a report on Friday, March 15th.

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.