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

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 3,529 shares of Leonardo DRS stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 78,334 shares in the company, valued at $2,498,854.60. This trade represents a 4.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 Stock Performance

Shares of DRS opened at $33.06 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. Leonardo DRS, Inc. has a 52-week low of $18.73 and a 52-week high of $37.99. The company has a 50-day simple moving average of $34.13 and a 200-day simple moving average of $30.03. The company has a market capitalization of $8.74 billion, a PE ratio of 44.68, a P/E/G ratio of 1.76 and a beta of 1.00.

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, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $812.00 million during the quarter, compared to the consensus estimate of $775.44 million. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. Equities research analysts predict that Leonardo DRS, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Leonardo DRS

A number of institutional investors have recently bought and sold shares of DRS. Cerity Partners LLC raised its stake 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 worth $961,000 after buying an additional 354 shares during the last quarter. Blair William & Co. IL increased its holdings in Leonardo DRS by 1.1% during the 2nd 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 in the last quarter. Arizona State Retirement System raised its position in Leonardo DRS by 2.0% during the second 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 lifted its holdings in shares of Leonardo DRS by 6.9% in the third 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 in the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of Leonardo DRS by 1.3% in the third 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird increased their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Bank of America lowered Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $26.00 to $30.00 in a report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.