McAdam LLC Takes Position in Leonardo DRS, Inc. (NASDAQ:DRS)

McAdam LLC acquired a new stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,568 shares of the company's stock, valued at approximately $277,000.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in shares of Leonardo DRS by 89.7% in the second quarter. AQR Capital Management LLC now owns 55,361 shares of the company's stock worth $1,412,000 after purchasing an additional 26,185 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Leonardo DRS by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 48,626 shares of the company's stock valued at $1,240,000 after purchasing an additional 2,958 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Leonardo DRS in the second quarter valued at about $202,000. Cetera Investment Advisers acquired a new position in shares of Leonardo DRS in the 2nd quarter valued at $1,072,000. Finally, SG Americas Securities LLC purchased a new position in Leonardo DRS in the third quarter worth approximately $1,519,000. Institutional investors and hedge funds own 18.76% of the company's stock.

Insider Buying and Selling

In other news, SVP Pamela Morrow sold 11,100 shares of the business's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $34.81, for a total value of $386,391.00. Following the completion of the transaction, the senior vice president now owns 12,565 shares in the company, valued at $437,387.65. The trade was a 46.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William Lynn III sold 45,000 shares of Leonardo DRS stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $34.07, for a total value of $1,533,150.00. Following the completion of the sale, the chief executive officer now directly owns 234,937 shares in the company, valued at approximately $8,004,303.59. The trade was a 16.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,083 shares of company stock worth $4,935,505 in the last quarter. Insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on DRS. JPMorgan Chase & Co. boosted their price target on Leonardo DRS from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Robert W. Baird lifted their price target on Leonardo DRS from $30.00 to $40.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, 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 report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

Leonardo DRS Trading Down 4.9 %

NASDAQ DRS traded down $1.77 during mid-day trading on Thursday, hitting $34.25. The company's stock had a trading volume of 664,845 shares, compared to its average volume of 477,564. The firm has a market capitalization of $9.06 billion, a P/E ratio of 46.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.01. The stock's fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $31.20. 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, Inc. has a 52-week low of $19.06 and a 52-week high of $37.99.

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.