Trexquant Investment LP Raises Stock Holdings in Leonardo DRS, Inc. (NASDAQ:DRS)

Trexquant Investment LP raised its position in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 835.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,209 shares of the company’s stock after acquiring an additional 207,380 shares during the period. Trexquant Investment LP owned approximately 0.09% of Leonardo DRS worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Philadelphia Trust Co. increased its position in shares of 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 last quarter. First Eagle Investment Management LLC grew its position in Leonardo DRS by 14.5% in the 4th quarter. First Eagle Investment Management LLC now owns 308,185 shares of the company’s stock valued at $6,176,000 after acquiring an additional 39,035 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in Leonardo DRS in the 4th quarter valued at $223,000. Principal Financial Group Inc. bought a new position in Leonardo DRS in the 4th quarter valued at $815,000. Finally, Seven Grand Managers LLC bought a new position in Leonardo DRS in the 4th quarter valued at $1,403,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Leonardo DRS Price Performance

DRS opened at $23.88 on Thursday. Leonardo DRS, Inc. has a 12-month low of $14.12 and a 12-month high of $24.84. The company has a current ratio of 1.96, a quick ratio of 1.59 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $21.79 and its 200-day simple moving average is $20.57. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 1.83 and a beta of 0.79.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $688.00 million during the quarter, compared to analysts’ expectations of $645.56 million. Leonardo DRS had a return on equity of 9.35% and a net margin of 6.28%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. On average, equities research analysts anticipate that Leonardo DRS, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on DRS. JPMorgan Chase & Co. cut their price objective on Leonardo DRS from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Bank of America upped their price objective on Leonardo DRS from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Truist Financial upped their price objective on Leonardo DRS from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th.

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.