Leonardo DRS, Inc. (NASDAQ:DRS) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 95.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,889 shares of the company's stock after selling 703,230 shares during the quarter. Loomis Sayles & Co. L P's holdings in Leonardo DRS were worth $1,013,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Leonardo DRS by 1,325.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company's stock worth $29,000 after purchasing an additional 1,074 shares during the last quarter. Covestor Ltd boosted its stake in Leonardo DRS by 226.8% in the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company's stock worth $51,000 after buying an additional 1,259 shares during the last quarter. Comerica Bank grew its holdings 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. KBC Group NV increased its stake in shares of Leonardo DRS by 42.5% during the 3rd quarter. KBC Group NV now owns 2,585 shares of the company's stock valued at $73,000 after acquiring an additional 771 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Leonardo DRS by 6.9% during the 3rd quarter. New York State Teachers Retirement System now owns 6,722 shares of the company's stock worth $190,000 after acquiring an additional 432 shares during the period. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Stock Down 0.6 %

Leonardo DRS stock traded down $0.21 during midday trading on Thursday, hitting $34.66. 596,556 shares of the company were exchanged, compared to its average volume of 622,420. The company has a market cap of $9.16 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 2.19 and a beta of 0.95. Leonardo DRS, Inc. has a fifty-two week low of $17.97 and a fifty-two week high of $37.99. The company's fifty day moving average price is $31.14 and its 200-day moving average price is $27.96. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $812.00 million for the quarter, compared to analysts' expectations of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. On average, research analysts predict that Leonardo DRS, Inc. will post 0.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. 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 report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Truist Financial boosted their price target on Leonardo DRS from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Bank of America lowered Leonardo DRS from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $26.00 to $30.00 in a research note on Tuesday, September 24th. Finally, BTIG Research raised their price target on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.17.

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.