Leonardo DRS (NASDAQ:DRS) Shares Down 5.9% - Should You Sell?

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report)'s share price dropped 5.9% during mid-day trading on Friday . The company traded as low as $30.41 and last traded at $30.25. Approximately 180,223 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 479,948 shares. The stock had previously closed at $32.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Leonardo DRS from $30.00 to $40.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised 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. Finally, Truist Financial upped their price objective on Leonardo DRS from $36.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.00.

Leonardo DRS Stock Performance

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 stock has a market cap of $7.77 billion, a PE ratio of 39.72, a P/E/G ratio of 1.51 and a beta of 1.01. The firm's 50-day moving average is $33.94 and its 200 day moving average is $31.48.

Insider Buying and Selling

In other Leonardo DRS news, Director Eric Salzman sold 3,477 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $34.59, for a total value of $120,269.43. Following the transaction, the director now directly owns 13,262 shares of the company's stock, valued at approximately $458,732.58. The trade was a 20.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Lynn III sold 45,000 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $34.07, for a total transaction of $1,533,150.00. Following the transaction, the chief executive officer now owns 234,937 shares of the company's stock, valued at approximately $8,004,303.59. The trade was a 16.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 150,089 shares of company stock valued at $5,178,619 over the last quarter. 0.12% of the stock is currently owned by insiders.

Institutional Trading of Leonardo DRS

Several hedge funds have recently modified their holdings of DRS. Vanguard Group Inc. raised its position in Leonardo DRS by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company's stock worth $256,377,000 after acquiring an additional 263,002 shares in the last quarter. FMR LLC increased its holdings in Leonardo DRS by 183.2% during the 4th quarter. FMR LLC now owns 3,457,612 shares of the company's stock valued at $111,715,000 after acquiring an additional 2,236,661 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Leonardo DRS by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company's stock valued at $54,061,000 after purchasing an additional 51,014 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Leonardo DRS by 21.2% in the fourth quarter. First Trust Advisors LP now owns 1,594,092 shares of the company's stock valued at $51,505,000 after purchasing an additional 278,541 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Leonardo DRS by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,432,110 shares of the company's stock worth $46,274,000 after purchasing an additional 166,936 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

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.