Leonardo DRS, Inc. (NASDAQ:DRS) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 16.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,435,395 shares of the company’s stock after purchasing an additional 206,847 shares during the quarter. American Century Companies Inc. owned about 0.55% of Leonardo DRS worth $18,617,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DRS. Lazard Asset Management LLC acquired a new stake in shares of Leonardo DRS in the fourth quarter worth $63,000. Belpointe Asset Management LLC acquired a new stake in shares of Leonardo DRS in the fourth quarter worth $65,000. Fortis Capital Advisors LLC acquired a new stake in shares of Leonardo DRS in the fourth quarter worth $65,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Leonardo DRS in the fourth quarter worth $120,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Leonardo DRS in the fourth quarter worth $136,000. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $17.12 on Friday. The company’s fifty day moving average price is $16.89 and its 200 day moving average price is $15.27. Leonardo DRS, Inc. has a 1 year low of $9.11 and a 1 year high of $17.96. The company has a market capitalization of $4.49 billion, a PE ratio of 7.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.40 and a current ratio of 1.80.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Leonardo DRS had a net margin of 14.75% and a return on equity of 8.20%. The firm had revenue of $628.00 million for the quarter, compared to the consensus estimate of $630.51 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts predict that Leonardo DRS, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

Separately, Truist Financial increased their price objective on shares of Leonardo DRS from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $18.50.

About Leonardo DRS

Leonardo DRS, Inc, together with its subsidiaries, provides defense electronic products, systems, and military support service. 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.