AlphaQuest LLC Purchases 24,227 Shares of Leonardo DRS, Inc. $DRS

AlphaQuest LLC grew its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 161.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,228 shares of the company’s stock after buying an additional 24,227 shares during the quarter. AlphaQuest LLC’s holdings in Leonardo DRS were worth $1,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of DRS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Leonardo DRS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,817 shares of the company’s stock valued at $1,441,000 after acquiring an additional 1,922 shares during the last quarter. Millennium Management LLC increased its position in shares of Leonardo DRS by 29.0% during the 1st quarter. Millennium Management LLC now owns 369,749 shares of the company’s stock valued at $12,157,000 after purchasing an additional 83,077 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Leonardo DRS by 9.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,474 shares of the company’s stock worth $4,882,000 after purchasing an additional 12,712 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Leonardo DRS by 18.6% in the 1st quarter. Intech Investment Management LLC now owns 48,560 shares of the company’s stock worth $1,597,000 after buying an additional 7,625 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Leonardo DRS in the 1st quarter worth about $225,000. 18.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Sally Wallace sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $35.17, for a total transaction of $45,721.00. Following the completion of the transaction, the executive vice president owned 58,353 shares of the company’s stock, valued at approximately $2,052,275.01. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Dippold sold 10,588 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $37.00, for a total transaction of $391,756.00. Following the sale, the chief financial officer directly owned 42,952 shares in the company, valued at $1,589,224. This trade represents a 19.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.34% of the stock is currently owned by company insiders.

Leonardo DRS Price Performance

Shares of NASDAQ DRS opened at $41.06 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.63 and a current ratio of 2.00. Leonardo DRS, Inc. has a fifty-two week low of $28.17 and a fifty-two week high of $49.31. The stock has a market cap of $10.92 billion, a PE ratio of 41.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.44. The stock has a fifty day moving average of $36.66 and a 200-day moving average of $39.70.

Leonardo DRS (NASDAQ:DRS) last issued its earnings results on Wednesday, October 29th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $924.79 million. Leonardo DRS had a return on equity of 11.37% and a net margin of 7.43%.The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. Equities research analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Leonardo DRS in a report on Monday, December 29th. Canaccord Genuity Group restated a “buy” rating and set a $50.00 price target on shares of Leonardo DRS in a research note on Thursday, October 30th. Wall Street Zen cut shares of Leonardo DRS from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Truist Financial set a $54.00 price objective on Leonardo DRS in a research note on Friday, January 9th. Finally, Zacks Research downgraded Leonardo DRS from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Leonardo DRS has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Leonardo DRS Profile

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.