5,095 Shares in Leonardo DRS, Inc. (NASDAQ:DRS) Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC acquired a new stake in Leonardo DRS, Inc. (NASDAQ:DRS – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,095 shares of the company’s stock, valued at approximately $65,000.

Several other hedge funds have also recently added to or reduced their stakes in DRS. Quent Capital LLC bought a new position in Leonardo DRS during the 4th quarter worth approximately $243,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Leonardo DRS during the fourth quarter worth $25,991,000. ARK Investment Management LLC acquired a new position in shares of Leonardo DRS in the 4th quarter valued at $2,575,000. Steel Peak Wealth Management LLC bought a new stake in shares of Leonardo DRS in the 4th quarter valued at $779,000. Finally, Stephens Inc. AR acquired a new stake in Leonardo DRS during the 4th quarter worth $93,000. Institutional investors and hedge funds own 61.38% of the company’s stock.

Leonardo DRS Stock Down 1.4 %

Shares of DRS stock opened at $15.53 on Monday. Leonardo DRS, Inc. has a 12 month low of $9.11 and a 12 month high of $15.90. The stock has a fifty day simple moving average of $14.19. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 7.19 and a beta of 0.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 1.68.

Wall Street Analyst Weigh In

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