Silverberg Bernstein Capital Management LLC Sells 7,100 Shares of Leonardo DRS, Inc. (NASDAQ:DRS)

Silverberg Bernstein Capital Management LLC lessened its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 41.0% during the fourth quarter, Holdings Channel reports. The fund owned 10,200 shares of the company’s stock after selling 7,100 shares during the period. Silverberg Bernstein Capital Management LLC’s holdings in Leonardo DRS were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DRS. Rhumbline Advisers grew its position in shares of Leonardo DRS by 11.8% in the second quarter. Rhumbline Advisers now owns 99,709 shares of the company’s stock valued at $2,544,000 after purchasing an additional 10,492 shares during the last quarter. Arizona State Retirement System increased its position in Leonardo DRS by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 22,056 shares of the company’s stock worth $563,000 after buying an additional 424 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Leonardo DRS during the second quarter worth $296,000. Dimensional Fund Advisors LP acquired a new position in shares of Leonardo DRS in the second quarter valued at about $16,916,000. Finally, Blair William & Co. IL raised its stake in Leonardo DRS by 1.1% in the 2nd quarter. Blair William & Co. IL now owns 36,850 shares of the company’s stock worth $940,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of analyst reports. Truist Financial increased their price objective on shares of Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird raised their target price on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Bank of America downgraded Leonardo DRS from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $26.00 to $30.00 in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Leonardo DRS has an average rating of “Moderate Buy” and an average price target of $33.00.

Leonardo DRS Trading Up 1.1 %

NASDAQ DRS opened at $34.89 on Wednesday. The company has a market cap of $9.22 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. Leonardo DRS, Inc. has a twelve month low of $18.73 and a twelve month high of $37.99. 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 business’s fifty day moving average is $34.20 and its 200 day moving average is $30.21.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $812.00 million for the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. Leonardo DRS’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. As a group, sell-side analysts expect that Leonardo DRS, Inc. will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling at Leonardo DRS

In related news, COO John Baylouny sold 3,529 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total transaction of $112,575.10. Following the completion of the sale, the chief operating officer now owns 78,334 shares of the company’s stock, valued at $2,498,854.60. This trade represents a 4.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Pamela Morrow sold 11,100 shares of the business’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 transaction, the senior vice president now directly owns 12,565 shares in the company, valued at approximately $437,387.65. This trade represents a 46.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,083 shares of company stock valued at $3,349,255. 0.12% of the stock is currently owned by company insiders.

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.