Harel Insurance Investments & Financial Services Ltd. Has $645,000 Stake in Leonardo DRS, Inc. (NASDAQ:DRS)

Harel Insurance Investments & Financial Services Ltd. increased its stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,962 shares of the company's stock after purchasing an additional 6,853 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Leonardo DRS were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Leonardo DRS by 226.8% in the third quarter. Covestor Ltd now owns 1,814 shares of the company's stock worth $51,000 after purchasing an additional 1,259 shares in the last quarter. KBC Group NV lifted its position in Leonardo DRS by 42.5% during the 3rd quarter. KBC Group NV now owns 2,585 shares of the company's stock worth $73,000 after buying an additional 771 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Leonardo DRS during the 3rd quarter worth about $109,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Leonardo DRS in the 3rd quarter valued at about $113,000. Finally, New York State Teachers Retirement System grew its holdings in shares of 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 acquiring an additional 432 shares in the last quarter. Institutional investors own 18.76% of the company's stock.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 234,937 shares in the company, valued at $8,004,303.59. This represents a 16.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John Baylouny sold 3,529 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total transaction of $112,575.10. Following the transaction, the chief operating officer now directly owns 78,334 shares in the company, valued at $2,498,854.60. This represents a 4.31 % 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 over the last quarter. Company insiders own 0.12% of the company's stock.

Leonardo DRS Stock Performance

DRS traded down $0.61 during trading hours on Friday, reaching $36.81. The company's stock had a trading volume of 353,030 shares, compared to its average volume of 436,894. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11. The company's 50-day moving average is $34.29 and its 200-day moving average is $30.73. Leonardo DRS, Inc. has a 52 week low of $18.73 and a 52 week high of $37.99. The firm has a market cap of $9.73 billion, a PE ratio of 49.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) 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 analysts' expectations of $775.44 million. During the same quarter last year, the company posted $0.20 EPS. Leonardo DRS's quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities analysts forecast that Leonardo DRS, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

DRS has been the subject of a number of analyst reports. Robert W. Baird raised their price target 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. boosted their target price on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, Truist Financial boosted their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

About Leonardo DRS

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.