TD Asset Management Inc Makes New $1.82 Million Investment in Leonardo DRS, Inc. (NASDAQ:DRS)

TD Asset Management Inc acquired a new stake in shares of Leonardo DRS, Inc. (NASDAQ:DRSFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,598 shares of the company’s stock, valued at approximately $1,816,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Leonardo DRS by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,898,903 shares of the company’s stock valued at $81,812,000 after buying an additional 76,109 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Leonardo DRS by 5,608.1% during the fourth quarter. Victory Capital Management Inc. now owns 960,731 shares of the company’s stock worth $19,253,000 after purchasing an additional 943,900 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Leonardo DRS by 37.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,420 shares of the company’s stock worth $15,399,000 after purchasing an additional 209,005 shares during the last quarter. Philadelphia Trust Co. increased its holdings in Leonardo DRS by 0.3% during the 4th quarter. Philadelphia Trust Co. now owns 516,530 shares of the company’s stock valued at $10,351,000 after purchasing an additional 1,500 shares during the period. Finally, Moody Aldrich Partners LLC raised its position in Leonardo DRS by 60.3% during the 4th quarter. Moody Aldrich Partners LLC now owns 462,517 shares of the company’s stock valued at $9,269,000 after purchasing an additional 174,036 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Leonardo DRS from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Leonardo DRS from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, March 15th. Bank of America upped their target price on Leonardo DRS from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Morgan Stanley initiated coverage on Leonardo DRS in a research note on Friday, May 24th. They issued an “equal weight” rating and a $26.00 target price for the company.

Get Our Latest Analysis on Leonardo DRS

Leonardo DRS Trading Down 0.5 %

Shares of NASDAQ DRS opened at $24.27 on Friday. Leonardo DRS, Inc. has a 1 year low of $15.74 and a 1 year high of $25.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.96 and a quick ratio of 1.59. The firm has a 50-day moving average of $22.24 and a 200 day moving average of $20.93. The stock has a market cap of $6.39 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 1.85 and a beta of 0.82.

Leonardo DRS (NASDAQ:DRSGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $688.00 million during the quarter, compared to analyst estimates of $645.56 million. Leonardo DRS had a net margin of 6.28% and a return on equity of 9.35%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. As a group, sell-side analysts expect that Leonardo DRS, Inc. will post 0.81 EPS for the current fiscal year.

Leonardo DRS Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Leonardo DRS (NASDAQ:DRS)

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