MRP Capital Investments LLC Sells 51,465 Shares of Leonardo DRS, Inc. (NASDAQ:DRS)

MRP Capital Investments LLC reduced its holdings in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 52.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,810 shares of the company's stock after selling 51,465 shares during the quarter. MRP Capital Investments LLC's holdings in Leonardo DRS were worth $938,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Comerica Bank bought a new stake in shares of Leonardo DRS during the third quarter valued at approximately $36,000. Dark Forest Capital Management LP bought a new stake in shares of Leonardo DRS during the first quarter valued at approximately $33,000. Parkside Financial Bank & Trust increased its holdings in shares of Leonardo DRS by 196.4% during the second quarter. Parkside Financial Bank & Trust now owns 2,825 shares of the company's stock valued at $49,000 after acquiring an additional 1,872 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Leonardo DRS during the second quarter valued at approximately $72,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Leonardo DRS during the fourth quarter valued at approximately $63,000. 18.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DRS has been the subject of several recent research reports. Truist Financial boosted their price objective on Leonardo DRS from $24.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Bank of America boosted their price objective 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. decreased their price objective on Leonardo DRS from $25.00 to $24.00 and set a "neutral" rating for the company in a report on Friday, March 15th.

Leonardo DRS Stock Down 1.7 %

Leonardo DRS stock traded down $0.35 during trading on Friday, hitting $20.60. 455,759 shares of the company were exchanged, compared to its average volume of 663,756. The business's 50 day moving average is $21.49 and its 200 day moving average is $19.80. Leonardo DRS, Inc. has a 52 week low of $14.12 and a 52 week high of $24.00. The company has a market capitalization of $5.41 billion, a P/E ratio of 32.19, a PEG ratio of 3.03 and a beta of 0.80. The company has a current ratio of 1.78, a quick ratio of 1.47 and a debt-to-equity ratio of 0.15.

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

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.

Want to see what other hedge funds are holding DRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leonardo DRS, Inc. (NASDAQ:DRS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.