Leonardo DRS, Inc. (NASDAQ:DRS) Stock Position Lessened by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lowered its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,820 shares of the company’s stock after selling 7,985 shares during the period. Leonardo DRS accounts for approximately 1.6% of Moody Aldrich Partners LLC’s portfolio, making the stock its 10th largest holding. Moody Aldrich Partners LLC owned 0.10% of Leonardo DRS worth $8,395,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC raised its position in shares of Leonardo DRS by 1.1% in the third quarter. Cerity Partners LLC now owns 34,051 shares of the company’s stock worth $961,000 after buying an additional 354 shares in the last quarter. New York State Teachers Retirement System increased its stake in Leonardo DRS by 6.9% in the third quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock valued at $190,000 after acquiring an additional 432 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Leonardo DRS by 1.3% in the third quarter. Glenmede Trust Co. NA now owns 33,960 shares of the company’s stock valued at $958,000 after acquiring an additional 435 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in Leonardo DRS by 7.1% in the third quarter. Verdence Capital Advisors LLC now owns 8,942 shares of the company’s stock valued at $252,000 after acquiring an additional 589 shares during the last quarter. Finally, KBC Group NV increased its stake in Leonardo DRS by 42.5% in the third quarter. KBC Group NV now owns 2,585 shares of the company’s stock valued at $73,000 after acquiring an additional 771 shares during the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Price Performance

DRS stock opened at $35.77 on Wednesday. The firm has a 50 day moving average price of $34.32 and a 200-day moving average price of $30.85. Leonardo DRS, Inc. has a 52-week low of $18.73 and a 52-week high of $37.99. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 48.34, a PEG ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The company had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. Equities research analysts forecast that Leonardo DRS, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DRS. Robert W. Baird raised their price objective on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Truist Financial raised their price objective on Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Insider Buying and Selling

In other Leonardo DRS news, SVP Pamela Morrow sold 11,100 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $34.81, for a total transaction of $386,391.00. Following the completion of the sale, the senior vice president now directly owns 12,565 shares in the company, valued at approximately $437,387.65. The trade was a 46.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Lynn III sold 45,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $34.07, for a total transaction of $1,533,150.00. Following the sale, the chief executive officer now owns 234,937 shares of the company’s stock, valued at approximately $8,004,303.59. This represents a 16.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,083 shares of company stock worth $3,349,255 in the last three months. Insiders own 0.12% of the company’s stock.

Leonardo DRS Company 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.