AQR Capital Management LLC Acquires 26,185 Shares of Leonardo DRS, Inc. (NASDAQ:DRS)

AQR Capital Management LLC raised its position in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 89.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,361 shares of the company's stock after purchasing an additional 26,185 shares during the period. AQR Capital Management LLC's holdings in Leonardo DRS were worth $1,412,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Leonardo DRS by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 7,554,321 shares of the company's stock valued at $166,875,000 after buying an additional 164,971 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 valued at $48,165,000 after buying an additional 290,188 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of 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 buying an additional 13,830 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Leonardo DRS during the 2nd quarter valued at $16,916,000. Finally, Motley Fool Asset Management LLC raised its position in shares of Leonardo DRS by 289.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 537,536 shares of the company's stock valued at $11,874,000 after buying an additional 399,456 shares in the last quarter. 18.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Leonardo DRS Trading Up 1.1 %

Shares of DRS stock traded up $0.31 during mid-day trading on Friday, reaching $29.18. The stock had a trading volume of 671,650 shares, compared to its average volume of 619,077. The stock's 50-day moving average price is $27.99 and its two-hundred day moving average price is $25.37. Leonardo DRS, Inc. has a 52-week low of $17.80 and a 52-week high of $30.98. The firm has a market capitalization of $7.69 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. 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 (NASDAQ:DRS - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. Leonardo DRS had a net margin of 6.12% and a return on equity of 9.48%. The firm had revenue of $753.00 million for the quarter, compared to analysts' expectations of $680.38 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts expect that Leonardo DRS, Inc. will post 0.86 earnings per share for the current fiscal year.

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.