SG Americas Securities LLC Invests $1.52 Million in Leonardo DRS, Inc. (NASDAQ:DRS)

SG Americas Securities LLC acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 53,817 shares of the company's stock, valued at approximately $1,519,000.

Several other hedge funds also recently bought and sold shares of DRS. Vanguard Group Inc. increased its position in shares of Leonardo DRS by 2.2% during the first quarter. Vanguard Group Inc. now owns 7,554,321 shares of the company's stock worth $166,875,000 after acquiring an additional 164,971 shares during the period. Driehaus Capital Management LLC grew its stake in Leonardo DRS by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 2,281,546 shares of the company's stock worth $58,202,000 after purchasing an additional 102,198 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Leonardo DRS by 15.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,180,347 shares of the company's stock worth $48,165,000 after purchasing an additional 290,188 shares during the period. Kennedy Capital Management LLC raised its position in Leonardo DRS by 1.8% during the 1st quarter. Kennedy Capital Management LLC now owns 768,163 shares of the company's stock valued at $16,969,000 after purchasing an additional 13,830 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Leonardo DRS during the 2nd quarter valued at $16,916,000. Institutional investors own 18.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DRS shares. Truist Financial raised their price target on Leonardo DRS from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. BTIG Research raised their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Robert W. Baird upped their price target on shares of Leonardo DRS from $26.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Finally, Bank of America lowered shares of 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 report on Tuesday, September 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Leonardo DRS has a consensus rating of "Moderate Buy" and an average price target of $29.17.

Leonardo DRS Stock Up 0.1 %

Shares of NASDAQ:DRS traded up $0.04 during trading on Wednesday, reaching $30.69. The stock had a trading volume of 485,687 shares, compared to its average volume of 615,959. The firm's 50-day simple moving average is $27.91 and its 200 day simple moving average is $25.31. The company has a current ratio of 2.01, a quick ratio of 1.60 and a debt-to-equity ratio of 0.15. Leonardo DRS, Inc. has a one year low of $17.80 and a one year high of $30.98. The company has a market capitalization of $8.08 billion, a P/E ratio of 43.79, a PEG ratio of 1.93 and a beta of 0.96.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $753.00 million during the quarter, compared to the consensus estimate of $680.38 million. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. Leonardo DRS's revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. As a group, research analysts expect that Leonardo DRS, Inc. will post 0.86 EPS for the current fiscal 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.