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

Moody Aldrich Partners LLC trimmed its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,820 shares of the company's stock after selling 7,985 shares during the period. Leonardo DRS comprises approximately 1.6% of Moody Aldrich Partners LLC's portfolio, making the stock its 10th largest position. Moody Aldrich Partners LLC owned about 0.10% of Leonardo DRS worth $8,395,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new stake in Leonardo DRS in the 2nd quarter worth $16,916,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Leonardo DRS by 71.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company's stock worth $25,995,000 after purchasing an additional 384,522 shares during the period. Franklin Resources Inc. grew its stake in shares of Leonardo DRS by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company's stock worth $35,371,000 after purchasing an additional 176,326 shares during the last quarter. Van ECK Associates Corp increased its holdings in Leonardo DRS by 28.2% during the 3rd quarter. Van ECK Associates Corp now owns 557,672 shares of the company's stock valued at $15,698,000 after purchasing an additional 122,836 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Leonardo DRS by 1,133.6% during the 3rd quarter. Victory Capital Management Inc. now owns 116,438 shares of the company's stock valued at $3,286,000 after purchasing an additional 106,999 shares during the period. Hedge funds and other institutional investors own 18.76% of the company's stock.

Leonardo DRS Stock Down 0.5 %

Shares of DRS traded down $0.16 during mid-day trading on Friday, reaching $35.15. The company had a trading volume of 470,273 shares, compared to its average volume of 421,704. Leonardo DRS, Inc. has a 52 week low of $18.73 and a 52 week high of $37.99. 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 has a market capitalization of $9.29 billion, a price-to-earnings ratio of 47.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. The firm has a 50-day moving average price of $34.29 and a 200 day moving average price of $31.03.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its earnings results 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 return on equity of 9.71% and a net margin of 6.23%. The business had revenue of $812.00 million for the quarter, compared to the consensus estimate of $775.44 million. During the same period in the previous year, the company posted $0.20 earnings per share. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, sell-side analysts forecast that Leonardo DRS, Inc. will post 0.92 EPS for the current year.

Insider Buying and Selling

In other Leonardo DRS news, COO John Baylouny sold 3,529 shares of the company's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $31.90, for a total transaction of $112,575.10. Following the transaction, the chief operating officer now owns 78,334 shares in the company, valued at approximately $2,498,854.60. This represents a 4.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Dippold sold 25,880 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $34.08, for a total transaction of $881,990.40. Following the sale, the chief financial officer now directly owns 47,028 shares in the company, valued at approximately $1,602,714.24. The trade was a 35.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,083 shares of company stock worth $3,349,255 in the last quarter. Corporate insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price objective on Leonardo DRS from $30.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Truist Financial raised their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Leonardo DRS has a consensus rating of "Moderate Buy" and an average target price of $33.00.

Leonardo DRS Company 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.