Leonardo DRS, Inc. (NASDAQ:DRS) COO Sells $122,844.49 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) COO John Baylouny sold 3,529 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $34.81, for a total value of $122,844.49. Following the completion of the transaction, the chief operating officer now owns 74,805 shares in the company, valued at $2,603,962.05. The trade was a 4.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

John Baylouny also recently made the following trade(s):

• On Wednesday, January 8th, John Baylouny sold 3,529 shares of Leonardo DRS stock. The stock was sold at an average price of $31.90, for a total value of $112,575.10.
• 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 value of $284,107.50.

Leonardo DRS Stock Performance

DRS stock traded down $3.09 during trading on Friday, reaching $29.07. 1,648,379 shares of the company's stock were exchanged, compared to its average volume of 462,580. 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 1-year low of $19.88 and a 1-year high of $37.99. The company's fifty day moving average price is $34.04 and its 200-day moving average price is $31.43. The firm has a market cap of $7.69 billion, a PE ratio of 39.28, a P/E/G ratio of 1.51 and a beta of 1.01.

Institutional Investors Weigh In On Leonardo DRS

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC acquired a new position in Leonardo DRS during the fourth quarter valued at $538,000. AQR Capital Management LLC boosted its stake in shares of Leonardo DRS by 3.5% during the 4th quarter. AQR Capital Management LLC now owns 150,652 shares of the company's stock worth $4,868,000 after acquiring an additional 5,090 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Leonardo DRS by 6.0% during the 4th quarter. Northern Trust Corp now owns 776,263 shares of the company's stock worth $25,081,000 after acquiring an additional 43,911 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Leonardo DRS by 5.6% during the 4th quarter. Voya Investment Management LLC now owns 680,418 shares of the company's stock worth $21,984,000 after purchasing an additional 35,818 shares during the last quarter. Finally, Symmetry Investments LP acquired a new position in shares of Leonardo DRS during the 4th quarter worth about $491,000. 18.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DRS shares. Robert W. Baird boosted their target price on Leonardo DRS from $30.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Leonardo DRS from $29.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, November 4th. Finally, Truist Financial increased their price objective on Leonardo DRS from $36.00 to $37.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

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.