Leonardo DRS, Inc. (NASDAQ:DRS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 58.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,397 shares of the company's stock after selling 31,420 shares during the quarter. SG Americas Securities LLC's holdings in Leonardo DRS were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in Leonardo DRS in the second quarter valued at $16,916,000. Jacobs Levy Equity Management Inc. raised its holdings in Leonardo DRS by 71.7% during the 3rd 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 last quarter. Franklin Resources Inc. boosted its stake in Leonardo DRS by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company's stock valued at $35,371,000 after acquiring an additional 176,326 shares during the last quarter. Van ECK Associates Corp increased its holdings in Leonardo DRS by 28.2% in the third 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 last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Leonardo DRS by 1,133.6% in the 3rd quarter. Victory Capital Management Inc. now owns 116,438 shares of the company's stock valued at $3,286,000 after acquiring an additional 106,999 shares during the period. Institutional investors and hedge funds own 18.76% of the company's stock.

Leonardo DRS Trading Up 1.9 %

NASDAQ DRS traded up $0.67 during trading hours on Thursday, hitting $35.31. 567,264 shares of the company were exchanged, compared to its average volume of 473,708. Leonardo DRS, Inc. has a 52 week low of $18.73 and a 52 week high of $37.99. The stock has a market cap of $9.34 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $34.32 and a 200 day moving average price of $30.94.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The company had revenue of $812.00 million during the quarter, compared to the consensus estimate of $775.44 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Leonardo DRS's revenue for the quarter was up 15.5% compared to the same quarter last year. Analysts forecast that Leonardo DRS, Inc. will post 0.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DRS shares. JPMorgan Chase & Co. lifted their price objective on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Robert W. Baird upped their price objective 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. Finally, Truist Financial increased their price objective on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

Insider Activity

In related news, COO John Baylouny sold 8,235 shares of Leonardo DRS stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $34.50, for a total value of $284,107.50. Following the completion of the transaction, the chief operating officer now owns 81,863 shares in the company, valued at $2,824,273.50. The trade was a 9.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pamela Morrow sold 11,100 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $34.81, for a total value of $386,391.00. Following the completion of the sale, the senior vice president now directly owns 12,565 shares in the company, valued at approximately $437,387.65. The trade was a 46.90 % decrease in their ownership of the stock. 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 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

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.