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
About Leonardo DRS
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.
- Get a free copy of the StockNews.com research report on Leonardo DRS (DRS)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Want to see what other hedge funds are holding DRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Leonardo DRS, Inc. (NASDAQ:DRS – Get Rating).
Receive News & Ratings for Leonardo DRS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leonardo DRS and related companies with MarketBeat.com's FREE daily email newsletter.