Versor Investments LP Has $1.34 Million Holdings in Leonardo DRS, Inc. (NASDAQ:DRS)

Versor Investments LP boosted its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) by 195.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,600 shares of the company's stock after purchasing an additional 27,500 shares during the period. Versor Investments LP's holdings in Leonardo DRS were worth $1,344,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in DRS. Cerity Partners LLC lifted its stake in Leonardo DRS by 1.1% in the 3rd quarter. Cerity Partners LLC now owns 34,051 shares of the company's stock valued at $961,000 after purchasing an additional 354 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Leonardo DRS by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 8,060 shares of the company's stock valued at $260,000 after buying an additional 405 shares during the last quarter. New York State Teachers Retirement System boosted its stake 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. Glenmede Trust Co. NA boosted its stake in shares of Leonardo DRS by 1.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 33,960 shares of the company's stock worth $958,000 after acquiring an additional 435 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of Leonardo DRS by 37.0% during the 4th quarter. IFP Advisors Inc now owns 1,944 shares of the company's stock worth $63,000 after acquiring an additional 525 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.

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Insider Activity at Leonardo DRS

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $35.25, for a total transaction of $1,586,250.00. Following the sale, the chief executive officer now directly owns 189,937 shares of the company's stock, valued at $6,695,279.25. The trade was a 19.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Baylouny sold 3,529 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $31.90, for a total transaction of $112,575.10. Following the transaction, the chief operating officer now directly owns 78,334 shares of the company's stock, valued at $2,498,854.60. The trade was a 4.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,770 shares of company stock valued at $2,226,047 in the last quarter. Insiders own 0.12% of the company's stock.

Leonardo DRS Stock Performance

Shares of DRS traded down $0.41 during mid-day trading on Monday, hitting $30.04. 794,951 shares of the company's stock were exchanged, compared to its average volume of 614,528. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. Leonardo DRS, Inc. has a 52 week low of $19.88 and a 52 week high of $37.99. The stock's 50-day simple moving average is $33.22 and its 200-day simple moving average is $31.66. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 1.41 and a beta of 1.01.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. Leonardo DRS had a return on equity of 10.37% and a net margin of 6.59%. The firm had revenue of $981.00 million during the quarter, compared to the consensus estimate of $942.18 million. On average, equities research analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Leonardo DRS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, March 13th. Leonardo DRS's payout ratio is 45.57%.

Analyst Upgrades and Downgrades

Several research firms have commented on DRS. JPMorgan Chase & Co. upped their price objective on shares of Leonardo DRS from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Truist Financial increased their target price on Leonardo DRS from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Leonardo DRS has a consensus rating of "Moderate Buy" and a consensus price target of $33.17.

About Leonardo DRS

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.