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

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) 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 transaction 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. The trade was a 4.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 Stock Down 0.7 %

Shares of NASDAQ DRS traded down $0.22 during trading on Friday, hitting $33.06. 468,438 shares of the company traded hands, compared to its average volume of 446,573. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 1.76 and a beta of 1.00. The business's fifty day moving average is $34.13 and its 200 day moving average is $30.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11. Leonardo DRS, Inc. has a fifty-two week low of $18.73 and a fifty-two week high of $37.99.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued 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 firm had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. During the same period in the previous year, the company posted $0.20 EPS. The company's revenue for the quarter was up 15.5% on a year-over-year basis. Equities research analysts predict that Leonardo DRS, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leonardo DRS

Several large investors have recently made changes to their positions in the business. Oliver Luxxe Assets LLC raised its holdings in shares of Leonardo DRS by 5.1% in the 4th quarter. Oliver Luxxe Assets LLC now owns 89,612 shares of the company's stock worth $2,895,000 after purchasing an additional 4,368 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Leonardo DRS by 133.1% in the third quarter. JPMorgan Chase & Co. now owns 171,864 shares of the company's stock valued at $4,850,000 after buying an additional 98,141 shares during the period. Franklin Resources Inc. lifted its position in shares of Leonardo DRS by 16.6% during the 3rd 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 last quarter. Geode Capital Management LLC grew its stake in shares of Leonardo DRS by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company's stock worth $54,061,000 after acquiring an additional 51,014 shares during the period. Finally, Barclays PLC increased its holdings in Leonardo DRS by 148.5% in the 3rd quarter. Barclays PLC now owns 178,331 shares of the company's stock worth $5,032,000 after acquiring an additional 106,565 shares during the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DRS has been the topic of several analyst reports. Bank of America lowered shares of Leonardo DRS from a "buy" rating to a "neutral" rating and increased their price target for the stock from $26.00 to $30.00 in a research report on Tuesday, September 24th. Robert W. Baird raised their target price 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. lifted their price target on Leonardo DRS from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.17.

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.