Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny Sells 8,235 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 8,235 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $34.50, for a total transaction of $284,107.50. Following the sale, the chief operating officer now owns 81,863 shares of the company’s stock, valued at approximately $2,824,273.50. This represents a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Leonardo DRS Stock Performance

Shares of NASDAQ DRS opened at $34.22 on Friday. The company has a market cap of $9.05 billion, a P/E ratio of 46.24, a P/E/G ratio of 1.81 and a beta of 0.97. Leonardo DRS, Inc. has a 52-week low of $18.60 and a 52-week high of $37.99. 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 firm’s fifty day moving average is $32.58 and its two-hundred day moving average is $28.80.

Leonardo DRS (NASDAQ:DRS) last issued its 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. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The firm had revenue of $812.00 million for the quarter, compared to analysts’ expectations of $775.44 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. As a group, analysts anticipate that Leonardo DRS, Inc. will post 0.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. 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 report on Monday, November 4th. Robert W. Baird increased their price objective 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. Finally, Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their target price for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Three 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

Institutional Trading of Leonardo DRS

Several hedge funds have recently modified their holdings of the company. Cerity Partners LLC raised its position in shares of Leonardo DRS by 1.1% during the 3rd quarter. Cerity Partners LLC now owns 34,051 shares of the company’s stock valued at $961,000 after buying an additional 354 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Leonardo DRS by 1.1% in the second quarter. Blair William & Co. IL now owns 36,850 shares of the company’s stock valued at $940,000 after acquiring an additional 400 shares during the period. Arizona State Retirement System lifted its holdings in shares of Leonardo DRS by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 22,056 shares of the company’s stock worth $563,000 after acquiring an additional 424 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Leonardo DRS by 6.9% during the 3rd quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock worth $190,000 after purchasing an additional 432 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in Leonardo DRS by 1.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 33,960 shares of the company’s stock valued at $958,000 after purchasing an additional 435 shares during the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

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.