Counterpoint Mutual Funds LLC Purchases 13,375 Shares of Leonardo DRS, Inc. (NASDAQ:DRS)

Counterpoint Mutual Funds LLC increased its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 148.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,404 shares of the company’s stock after purchasing an additional 13,375 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Leonardo DRS were worth $724,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DRS. GSA Capital Partners LLP lifted its holdings in shares of Leonardo DRS by 23.3% in the 3rd quarter. GSA Capital Partners LLP now owns 23,403 shares of the company’s stock worth $660,000 after acquiring an additional 4,418 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Leonardo DRS by 1,133.6% in the third quarter. Victory Capital Management Inc. now owns 116,438 shares of the company’s stock worth $3,286,000 after purchasing an additional 106,999 shares during the last quarter. KBC Group NV boosted its position in shares of Leonardo DRS by 42.5% during the third quarter. KBC Group NV now owns 2,585 shares of the company’s stock valued at $73,000 after buying an additional 771 shares during the period. CIBC Asset Management Inc bought a new position in shares of Leonardo DRS during the third quarter valued at approximately $216,000. Finally, Chesapeake Capital Corp IL raised its holdings in shares of Leonardo DRS by 28.4% in the third quarter. Chesapeake Capital Corp IL now owns 10,465 shares of the company’s stock worth $292,000 after buying an additional 2,315 shares during the period. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Leonardo DRS Trading Up 2.8 %

NASDAQ DRS opened at $32.23 on Monday. Leonardo DRS, Inc. has a one year low of $19.88 and a one year high of $37.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98. The company’s 50-day simple moving average is $32.87 and its two-hundred day simple moving average is $31.87.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $981.00 million during the quarter, compared to the consensus estimate of $942.18 million. Leonardo DRS had a net margin of 6.59% and a return on equity of 10.37%. Equities analysts forecast that Leonardo DRS, Inc. will post 1.04 EPS for the current fiscal year.

Leonardo DRS announced that its board has authorized a stock repurchase program on Thursday, February 20th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Leonardo DRS Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.09 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.12%. Leonardo DRS’s dividend payout ratio is presently 45.57%.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 3,529 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total value of $112,575.10. Following the completion of the sale, the chief operating officer now directly owns 78,334 shares in the company, valued at approximately $2,498,854.60. This trade represents a 4.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Lynn III sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $35.25, for a total value of $1,586,250.00. Following the completion of the sale, the chief executive officer now directly owns 189,937 shares of the company’s stock, valued at approximately $6,695,279.25. This represents a 19.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,535 shares of company stock valued at $1,941,939. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DRS has been the topic of several research analyst reports. Truist Financial upped their price objective on Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Bank of America raised shares of Leonardo DRS from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Leonardo DRS from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.83.

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.