Chesapeake Capital Corp IL Has $292,000 Stock Position in Leonardo DRS, Inc. (NASDAQ:DRS)

Chesapeake Capital Corp IL raised its position in Leonardo DRS, Inc. (NASDAQ:DRS) by 28.4% in the third quarter, HoldingsChannel reports. The fund owned 10,465 shares of the company’s stock after purchasing an additional 2,315 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Leonardo DRS were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DRS. Nisa Investment Advisors LLC boosted its position in shares of Leonardo DRS by 1,325.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock valued at $29,000 after buying an additional 1,074 shares during the last quarter. EntryPoint Capital LLC grew its position in Leonardo DRS by 165.8% during the first quarter. EntryPoint Capital LLC now owns 1,656 shares of the company’s stock worth $37,000 after buying an additional 1,033 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Leonardo DRS by 226.8% in the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company’s stock worth $51,000 after purchasing an additional 1,259 shares in the last quarter. Comerica Bank boosted its holdings in shares of Leonardo DRS by 23.7% in the 1st quarter. Comerica Bank now owns 2,750 shares of the company’s stock worth $61,000 after purchasing an additional 527 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Leonardo DRS by 42.5% in the 3rd quarter. KBC Group NV now owns 2,585 shares of the company’s stock valued at $73,000 after acquiring an additional 771 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Leonardo DRS Price Performance

Shares of DRS opened at $33.72 on Monday. Leonardo DRS, Inc. has a 1-year low of $17.97 and a 1-year high of $37.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70. The company’s fifty day moving average price is $29.90 and its 200-day moving average price is $27.26. The firm has a market capitalization of $8.92 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 2.08 and a beta of 0.95.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The business had revenue of $812.00 million during the quarter, compared to the consensus estimate of $775.44 million. During the same quarter last year, the firm earned $0.20 EPS. The business’s revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts predict that Leonardo DRS, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank of America lowered Leonardo DRS from a “buy” rating to a “neutral” rating and upped their price target for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. JPMorgan Chase & Co. increased their target price on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. BTIG Research increased their price target on Leonardo DRS from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial raised their target price on Leonardo DRS from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird raised their price target on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Leonardo DRS has an average rating of “Moderate Buy” and an average price target of $32.17.

About Leonardo DRS

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.