Harel Insurance Investments & Financial Services Ltd. Has $645,000 Position in Leonardo DRS, Inc. (NASDAQ:DRS)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in Leonardo DRS, Inc. (NASDAQ:DRS) by 52.3% in the 4th quarter, HoldingsChannel reports. The firm owned 19,962 shares of the company’s stock after purchasing an additional 6,853 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Leonardo DRS were worth $645,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Leonardo DRS in the fourth quarter worth $415,000. Oliver Luxxe Assets LLC boosted its stake in shares of Leonardo DRS by 5.1% during the 4th quarter. Oliver Luxxe Assets LLC now owns 89,612 shares of the company’s stock worth $2,895,000 after buying an additional 4,368 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Leonardo DRS by 133.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,864 shares of the company’s stock valued at $4,850,000 after acquiring an additional 98,141 shares in the last quarter. Franklin Resources Inc. raised its holdings in Leonardo DRS by 16.6% during the third quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock worth $35,371,000 after acquiring an additional 176,326 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Leonardo DRS by 2.7% during the third quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock valued at $54,061,000 after purchasing an additional 51,014 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

Leonardo DRS Stock Performance

Leonardo DRS stock opened at $36.81 on Friday. The firm has a market capitalization of $9.73 billion, a PE ratio of 49.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Leonardo DRS, Inc. has a 1-year low of $18.73 and a 1-year high of $37.99. The firm’s 50 day simple moving average is $34.23 and its 200 day simple moving average is $30.65. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14.

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

Analyst Ratings Changes

DRS has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird raised their target price on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.00.

Insider Activity at Leonardo DRS

In other Leonardo DRS news, SVP Pamela Morrow sold 11,100 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $34.81, for a total transaction of $386,391.00. Following the transaction, the senior vice president now directly owns 12,565 shares in the company, valued at $437,387.65. This trade represents a 46.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Dippold sold 25,880 shares of Leonardo DRS stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $34.08, for a total transaction of $881,990.40. Following the completion of the transaction, the chief financial officer now directly owns 47,028 shares in the company, valued at approximately $1,602,714.24. The trade was a 35.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,083 shares of company stock valued at $3,349,255. 0.12% of the stock is owned by corporate insiders.

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.