Insider Selling: 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 company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total transaction of $112,575.10. Following the completion of the sale, the chief operating officer now owns 78,334 shares of the company’s stock, valued at $2,498,854.60. This represents a 4.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $34.50, for a total value of $284,107.50.

Leonardo DRS Price Performance

Shares of DRS opened at $33.06 on Monday. The stock has a market cap of $8.74 billion, a P/E ratio of 44.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. The stock’s 50-day moving average price is $34.13 and its two-hundred day moving average price is $30.09. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. Leonardo DRS, Inc. has a 1 year low of $18.73 and a 1 year high of $37.99.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Leonardo DRS

Several large investors have recently modified their holdings of the business. Covestor Ltd boosted its holdings in shares of Leonardo DRS by 226.8% in the third quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after buying an additional 1,259 shares during the period. KBC Group NV lifted its position in Leonardo DRS by 42.5% in the 3rd quarter. KBC Group NV now owns 2,585 shares of the company’s stock valued at $73,000 after acquiring an additional 771 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Leonardo DRS in the 3rd quarter worth $109,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Leonardo DRS during the 3rd quarter worth about $113,000. Finally, New York State Teachers Retirement System raised its stake in shares of Leonardo DRS by 6.9% in the 3rd quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock valued at $190,000 after purchasing an additional 432 shares during the period. 18.76% of the stock is currently owned by institutional investors.

Leonardo DRS Company Profile

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.