Leonardo DRS, Inc. (NASDAQ:DRS) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 23.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,403 shares of the company’s stock after acquiring an additional 4,418 shares during the quarter. GSA Capital Partners LLP’s holdings in Leonardo DRS were worth $660,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Leonardo DRS by 1,325.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock valued at $29,000 after buying an additional 1,074 shares during the period. EntryPoint Capital LLC increased its stake in Leonardo DRS by 165.8% in the 1st quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock valued at $37,000 after buying an additional 1,033 shares during the period. Covestor Ltd increased its stake in Leonardo DRS by 226.8% in the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after buying an additional 1,259 shares during the period. Comerica Bank increased its stake in Leonardo DRS by 23.7% in the 1st quarter. Comerica Bank now owns 2,750 shares of the company’s stock valued at $61,000 after buying an additional 527 shares during the period. Finally, New York State Teachers Retirement System increased its stake in Leonardo DRS by 6.9% in the 3rd quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock valued at $190,000 after buying an additional 432 shares during the period. 18.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Leonardo DRS from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America cut shares of Leonardo DRS from a “buy” rating to a “neutral” rating and upped their price target for the stock from $26.00 to $30.00 in a research note on Tuesday, September 24th. Robert W. Baird upped their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. BTIG Research upped their price target on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Leonardo DRS presently has an average rating of “Moderate Buy” and a consensus target price of $32.17.

Leonardo DRS Price Performance

Leonardo DRS stock opened at $33.93 on Tuesday. Leonardo DRS, Inc. has a 52 week low of $17.97 and a 52 week high of $37.99. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $30.04 and its 200 day simple moving average is $27.35. The firm has a market capitalization of $8.97 billion, a PE ratio of 45.85, a P/E/G ratio of 2.08 and a beta of 0.95.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The business had revenue of $812.00 million for the quarter, compared to analyst estimates of $775.44 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities research analysts predict that Leonardo DRS, Inc. will post 0.9 EPS for the current fiscal 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.