Leonardo DRS, Inc. (NASDAQ:DRS) is Moody Aldrich Partners LLC’s 10th Largest Position

Moody Aldrich Partners LLC trimmed its stake in Leonardo DRS, Inc. (NASDAQ:DRS) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 259,820 shares of the company’s stock after selling 7,985 shares during the period. Leonardo DRS makes up 1.6% of Moody Aldrich Partners LLC’s portfolio, making the stock its 10th largest holding. Moody Aldrich Partners LLC’s holdings in Leonardo DRS were worth $8,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. KBC Group NV increased its stake in Leonardo DRS by 42.0% in the 4th quarter. KBC Group NV now owns 3,671 shares of the company’s stock worth $119,000 after buying an additional 1,086 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Leonardo DRS by 52.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 19,962 shares of the company’s stock worth $645,000 after buying an additional 6,853 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Leonardo DRS in the 4th quarter worth $415,000. Oliver Luxxe Assets LLC increased its stake in Leonardo DRS by 5.1% in the 4th quarter. Oliver Luxxe Assets LLC now owns 89,612 shares of the company’s stock worth $2,895,000 after buying an additional 4,368 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Leonardo DRS by 133.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,864 shares of the company’s stock worth $4,850,000 after buying an additional 98,141 shares in the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO William Lynn III sold 45,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $34.07, for a total value of $1,533,150.00. Following the sale, the chief executive officer now directly owns 234,937 shares of the company’s stock, valued at $8,004,303.59. This represents a 16.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pamela Morrow sold 11,100 shares of the stock in a transaction dated Monday, December 2nd. The stock was 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 $437,387.65. This trade represents a 46.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,083 shares of company stock valued at $3,349,255 in the last ninety days. 0.12% of the stock is owned by company insiders.

Leonardo DRS Stock Up 1.8 %

Shares of NASDAQ:DRS opened at $35.77 on Wednesday. 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 $18.73 and a 12 month high of $37.99. The company has a 50-day moving average price of $34.32 and a 200 day moving average price of $30.85. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 48.34, a PEG ratio of 1.63 and a beta of 1.00.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, beating 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 firm had revenue of $812.00 million during the quarter, compared to the consensus estimate of $775.44 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities research analysts predict that Leonardo DRS, Inc. will post 0.92 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.