Quest Partners LLC Makes New $449,000 Investment in Leonardo DRS, Inc. (NASDAQ:DRS)

Quest Partners LLC purchased a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,902 shares of the company’s stock, valued at approximately $449,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Leonardo DRS by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 7,554,321 shares of the company’s stock valued at $166,875,000 after purchasing an additional 164,971 shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of Leonardo DRS by 4.7% during the second quarter. Driehaus Capital Management LLC now owns 2,281,546 shares of the company’s stock valued at $58,202,000 after acquiring an additional 102,198 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Leonardo DRS by 15.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,180,347 shares of the company’s stock worth $48,165,000 after acquiring an additional 290,188 shares during the last quarter. Kennedy Capital Management LLC lifted its position in Leonardo DRS by 1.8% in the 1st quarter. Kennedy Capital Management LLC now owns 768,163 shares of the company’s stock valued at $16,969,000 after acquiring an additional 13,830 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Leonardo DRS during the 2nd quarter valued at $16,916,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $36.25 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. Leonardo DRS, Inc. has a 12-month low of $17.97 and a 12-month high of $37.99. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. The firm has a 50 day moving average of $30.70 and a 200 day moving average of $27.70.

Leonardo DRS (NASDAQ:DRS) last posted 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. The firm had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. Leonardo DRS’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. On average, research analysts anticipate that Leonardo DRS, Inc. will post 0.9 earnings per share 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.