Oliver Luxxe Assets LLC Purchases 4,368 Shares of Leonardo DRS, Inc. (NASDAQ:DRS)

Oliver Luxxe Assets LLC lifted its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 5.1% in the 4th quarter, Holdings Channel reports. The fund owned 89,612 shares of the company’s stock after acquiring an additional 4,368 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Leonardo DRS were worth $2,895,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Leonardo DRS by 133.1% in the third quarter. JPMorgan Chase & Co. now owns 171,864 shares of the company’s stock worth $4,850,000 after purchasing an additional 98,141 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Leonardo DRS by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock valued at $35,371,000 after buying an additional 176,326 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Leonardo DRS by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock valued at $54,061,000 after buying an additional 51,014 shares in the last quarter. Barclays PLC increased its stake in shares of Leonardo DRS by 148.5% in the 3rd quarter. Barclays PLC now owns 178,331 shares of the company’s stock worth $5,032,000 after acquiring an additional 106,565 shares in the last quarter. Finally, Zacks Investment Management bought a new position in shares of Leonardo DRS in the 3rd quarter worth about $1,381,000. Institutional investors own 18.76% of the company’s stock.

Insider Buying and Selling

In other Leonardo DRS news, CEO William Lynn III sold 45,000 shares of Leonardo DRS stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $34.07, for a total value of $1,533,150.00. Following the completion of the sale, the chief executive officer now owns 234,937 shares of the company’s stock, valued at approximately $8,004,303.59. The trade was a 16.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Dippold sold 25,880 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $34.08, for a total value of $881,990.40. Following the transaction, the chief financial officer now directly owns 47,028 shares in the company, valued at $1,602,714.24. The trade was a 35.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,554 shares of company stock worth $3,236,679. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DRS shares. JPMorgan Chase & Co. upped their price objective on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Bank of America cut Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $26.00 to $30.00 in a research report on Tuesday, September 24th. Finally, Robert W. Baird raised their price objective on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.17.

Leonardo DRS Stock Up 0.5 %

Shares of NASDAQ:DRS traded up $0.17 during trading on Monday, reaching $33.05. 294,381 shares of the stock traded hands, compared to its average volume of 359,060. The stock has a market cap of $8.74 billion, a P/E ratio of 44.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. 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 stock has a 50-day moving average of $33.81 and a two-hundred day moving average of $29.83. Leonardo DRS, Inc. has a 52-week low of $18.60 and a 52-week high of $37.99.

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

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.