Moody Aldrich Partners LLC Sells 5,260 Shares of Leonardo DRS, Inc. (NASDAQ:DRS)

Moody Aldrich Partners LLC reduced its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 1.9% during the third quarter, HoldingsChannel.com reports. The firm owned 267,805 shares of the company’s stock after selling 5,260 shares during the period. Leonardo DRS makes up 1.4% of Moody Aldrich Partners LLC’s portfolio, making the stock its 14th biggest position. Moody Aldrich Partners LLC’s holdings in Leonardo DRS were worth $7,557,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Leonardo DRS by 50.8% in the fourth quarter. Vanguard Group Inc. now owns 7,389,350 shares of the company’s stock worth $148,083,000 after purchasing an additional 2,490,447 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Leonardo DRS in the 2nd quarter worth about $16,916,000. Van ECK Associates Corp bought a new position in Leonardo DRS in the 2nd quarter worth about $11,093,000. Motley Fool Asset Management LLC increased its position in shares of Leonardo DRS by 289.3% during the first quarter. Motley Fool Asset Management LLC now owns 537,536 shares of the company’s stock worth $11,874,000 after acquiring an additional 399,456 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Leonardo DRS by 15.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,180,347 shares of the company’s stock valued at $48,165,000 after purchasing an additional 290,188 shares during the period. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Up 1.2 %

DRS stock traded up $0.35 during trading on Thursday, reaching $28.50. 48,378 shares of the company traded hands, compared to its average volume of 617,020. Leonardo DRS, Inc. has a 12 month low of $17.97 and a 12 month high of $30.98. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.60 and a current ratio of 2.01. The business has a 50 day simple moving average of $28.27 and a 200 day simple moving average of $25.85.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Tuesday, July 30th. The company reported $0.18 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 company had revenue of $753.00 million during the quarter, compared to analysts’ expectations of $680.38 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Leonardo DRS’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts anticipate that Leonardo DRS, Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DRS shares. Truist Financial lifted their target price on Leonardo DRS from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America downgraded 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. BTIG Research increased their target price on shares of Leonardo DRS from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird boosted their price target on shares of Leonardo DRS from $26.00 to $30.00 and gave the company an “outperform” rating in a 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 stock. According to data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

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.