Raymond James Financial Services Advisors Inc. Has $1.36 Million Holdings in Leonardo DRS, Inc. (NASDAQ:DRS)

Raymond James Financial Services Advisors Inc. grew its position in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 506.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,088 shares of the company's stock after acquiring an additional 56,863 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Leonardo DRS were worth $1,364,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new stake in shares of Leonardo DRS in the first quarter valued at approximately $33,000. Comerica Bank acquired a new stake in shares of Leonardo DRS in the third quarter valued at approximately $36,000. Parkside Financial Bank & Trust increased its holdings in shares of Leonardo DRS by 196.4% in the second 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 in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Leonardo DRS in the fourth quarter valued at approximately $63,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of Leonardo DRS in the fourth quarter valued at approximately $65,000. Institutional investors own 18.76% of the company's stock.

Analysts Set New Price Targets

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

Leonardo DRS Trading Down 1.7 %

DRS traded down $0.35 during trading on Friday, reaching $20.60. 455,779 shares of the company's stock were exchanged, compared to its average volume of 681,684. The company's fifty day moving average price is $21.49 and its 200-day moving average price is $19.82. 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 fifty-two week low of $14.12 and a fifty-two week high of $24.00. The firm has a market capitalization of $5.41 billion, a PE ratio of 32.19, a P/E/G ratio of 3.06 and a beta of 0.80.

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 for the quarter, topping analysts' consensus estimates of $0.30 by $0.01. The company had revenue of $926.00 million for the quarter, compared to analysts' expectations of $880.03 million. Leonardo DRS had a net margin of 5.94% and a return on equity of 8.72%. The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. As a group, equities analysts forecast that Leonardo DRS, Inc. will post 0.8 EPS for the current year.

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.