Belpointe Asset Management LLC Purchases New Position in Leonardo DRS, Inc. (NASDAQ:DRS)

Belpointe Asset Management LLC acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,095 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in Leonardo DRS in the 4th quarter worth approximately $243,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Leonardo DRS during the 4th quarter worth about $25,991,000. ARK Investment Management LLC bought a new stake in Leonardo DRS during the 4th quarter valued at approximately $2,575,000. Steel Peak Wealth Management LLC acquired a new stake in Leonardo DRS in the 4th quarter valued at approximately $779,000. Finally, Stephens Inc. AR bought a new position in Leonardo DRS in the 4th quarter worth approximately $93,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. CJS Securities assumed coverage on shares of Leonardo DRS in a research note on Tuesday, April 4th. They issued an “outperform” rating and a $17.00 price objective on the stock. Canaccord Genuity Group started coverage on shares of Leonardo DRS in a research report on Friday, February 10th. They issued a “buy” rating and a $17.00 price target on the stock.

Leonardo DRS Trading Down 1.4 %

Shares of NASDAQ DRS opened at $15.53 on Monday. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 7.19 and a beta of 0.87. Leonardo DRS, Inc. has a one year low of $9.11 and a one year high of $15.90. The company has a fifty day moving average price of $14.19. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.17.

About Leonardo DRS

(Get Rating)

Leonardo DRS, Inc engages in the provision of defense products and technologies. It develops and manufactures defense products for the U.S. military, intelligence agencies and allies around the world. Its broad technology portfolio focuses on advanced sensing, network computing, force protection, and electrical power and propulsion, as well as a range of key defense priorities.