Boston Partners Has $1.27 Million Stock Position in Leonardo DRS, Inc. $DRS

Boston Partners boosted its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 3.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 38,735 shares of the company’s stock after buying an additional 1,149 shares during the period. Boston Partners’ holdings in Leonardo DRS were worth $1,274,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DRS. Vanguard Group Inc. raised its stake in shares of Leonardo DRS by 0.3% during the first quarter. Vanguard Group Inc. now owns 7,957,909 shares of the company’s stock valued at $261,656,000 after acquiring an additional 22,990 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Leonardo DRS by 21.2% during the fourth quarter. First Trust Advisors LP now owns 1,594,092 shares of the company’s stock valued at $51,505,000 after buying an additional 278,541 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Leonardo DRS by 13.2% during 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. Charles Schwab Investment Management Inc. boosted its holdings in Leonardo DRS by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,096,885 shares of the company’s stock worth $36,066,000 after purchasing an additional 8,516 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Leonardo DRS during the first quarter worth about $31,254,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Insider Buying and Selling

In other Leonardo DRS 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 sale, the director owned 23,882 shares in the company, valued at approximately $1,097,139.08. This represents a 21.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Leonardo DRS Stock Down 0.2%

Shares of DRS opened at $41.67 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $44.95 and a 200-day moving average price of $38.89. The firm has a market capitalization of $11.09 billion, a P/E ratio of 44.81, a P/E/G ratio of 2.35 and a beta of 0.65. Leonardo DRS, Inc. has a 12-month low of $26.00 and a 12-month high of $49.31.

Leonardo DRS (NASDAQ:DRS) last announced its earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The business had revenue of $829.00 million during the quarter, compared to the consensus estimate of $824.50 million. During the same period in the previous year, the company posted $0.18 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, August 20th. Leonardo DRS’s dividend payout ratio is currently 38.71%.

Analysts Set New Price Targets

DRS has been the topic of several research reports. Canaccord Genuity Group initiated coverage on shares of Leonardo DRS in a research report on Monday, August 11th. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley boosted their price target on shares of Leonardo DRS from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Truist Financial upped their price target on shares of Leonardo DRS from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Leonardo DRS from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Leonardo DRS has an average rating of “Moderate Buy” and an average price target of $46.75.

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.