Leonardo DRS, Inc. (NASDAQ:DRS) COO Sells $112,575.10 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 3,529 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $31.90, for a total value of $112,575.10. Following the completion of the sale, the chief operating officer now directly owns 78,334 shares of the company’s stock, valued at approximately $2,498,854.60. This represents a 4.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

John Baylouny also recently made the following trade(s):

• On Wednesday, December 11th, John Baylouny sold 8,235 shares of Leonardo DRS stock. The shares were sold at an average price of $34.50, for a total transaction of $284,107.50.

Leonardo DRS Price Performance

Shares of NASDAQ DRS traded down $0.58 during trading hours on Friday, hitting $32.70. 43,719 shares of the stock were exchanged, compared to its average volume of 373,580. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11. The company has a market cap of $8.65 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. The company’s fifty day simple moving average is $34.08 and its two-hundred day simple moving average is $29.98. Leonardo DRS, Inc. has a 1-year low of $18.73 and a 1-year high of $37.99.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The business had revenue of $812.00 million for the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. On average, sell-side analysts predict that Leonardo DRS, Inc. will post 0.92 EPS for the current year.

Analysts Set New Price Targets

DRS has been the subject of a number of analyst reports. Robert W. Baird raised their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Bank of America lowered shares of 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 note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.17.

Institutional Trading of Leonardo DRS

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in shares of Leonardo DRS by 4.9% during the third quarter. Janus Henderson Group PLC now owns 291,871 shares of the company’s stock valued at $8,236,000 after acquiring an additional 13,613 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Leonardo DRS by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock valued at $35,371,000 after buying an additional 176,326 shares during the period. Citigroup Inc. lifted its holdings in Leonardo DRS by 46.2% in the third quarter. Citigroup Inc. now owns 196,223 shares of the company’s stock valued at $5,537,000 after buying an additional 62,042 shares during the period. Driehaus Capital Management LLC lifted its holdings in Leonardo DRS by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 2,281,546 shares of the company’s stock valued at $58,202,000 after buying an additional 102,198 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Leonardo DRS by 71.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company’s stock valued at $25,995,000 after buying an additional 384,522 shares during the period. Institutional investors and hedge funds own 18.76% of the company’s stock.

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.