Leonardo DRS (NASDAQ:DRS) Reaches New 1-Year High at $15.85

Leonardo DRS, Inc. (NASDAQ:DRS – Get Rating)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $15.85 and last traded at $15.77, with a volume of 52544 shares trading hands. The stock had previously closed at $15.75.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DRS shares. CJS Securities initiated coverage on Leonardo DRS in a research note on Tuesday, April 4th. They issued an “outperform” rating and a $17.00 price objective for the company. Canaccord Genuity Group began coverage on Leonardo DRS in a report on Friday, February 10th. They set a “buy” rating and a $17.00 price objective on the stock.

Leonardo DRS Stock Performance

The stock has a 50-day moving average of $14.19. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.17. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 7.19 and a beta of 0.87.

Institutional Investors Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently bought and sold shares of the business. Dark Forest Capital Management LP purchased a new position in shares of Leonardo DRS in the 1st quarter valued at approximately $33,000. Lazard Asset Management LLC purchased a new position in shares of Leonardo DRS in the fourth quarter worth $63,000. Belpointe Asset Management LLC purchased a new position in shares of Leonardo DRS in the fourth quarter worth $65,000. Fortis Capital Advisors LLC purchased a new position in shares of Leonardo DRS in the fourth quarter worth $65,000. Finally, Stephens Inc. AR purchased a new position in shares of Leonardo DRS in the fourth quarter worth $93,000. Hedge funds and other institutional investors own 61.38% of the company’s stock.

About Leonardo DRS

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Leonardo DRS, Inc engages in the provision of defense products and technologies. It develops and manufactures defense products for the U.S. military, intelligence agencies and allies around the world. Its broad technology portfolio focuses on advanced sensing, network computing, force protection, and electrical power and propulsion, as well as a range of key defense priorities.