John Baylouny Sells 3,529 Shares of Leonardo DRS, Inc. (NASDAQ:DRS) Stock

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

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

Leonardo DRS stock opened at $33.06 on Friday. 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 $8.74 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 1.76 and a beta of 1.00. Leonardo DRS, Inc. has a 1 year low of $18.73 and a 1 year high of $37.99. The firm has a 50 day moving average price of $34.13 and a 200 day moving average price of $30.03.

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

Hedge Funds Weigh In On Leonardo DRS

Large investors have recently modified their holdings of the company. Driehaus Capital Management LLC increased its position in Leonardo DRS by 4.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,281,546 shares of the company’s stock worth $58,202,000 after purchasing an additional 102,198 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Leonardo DRS by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock valued at $54,061,000 after acquiring an additional 51,014 shares during the period. Franklin Resources Inc. raised its stake in shares of Leonardo DRS by 16.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock valued at $35,371,000 after acquiring an additional 176,326 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Leonardo DRS by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,012,370 shares of the company’s stock valued at $28,569,000 after acquiring an additional 82,049 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Leonardo DRS by 71.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company’s stock worth $25,995,000 after purchasing an additional 384,522 shares during the period. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Robert W. Baird boosted their price target on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. increased their price target on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.17.

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.