Insider Selling: Leonardo DRS, Inc. (NASDAQ:DRS) CEO Sells 45,000 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) CEO William Lynn III sold 45,000 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $35.25, for a total transaction of $1,586,250.00. Following the transaction, the chief executive officer now owns 189,937 shares in the company, valued at $6,695,279.25. The trade was a 19.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

William Lynn III also recently made the following trade(s):

• On Monday, December 2nd, William Lynn III sold 45,000 shares of Leonardo DRS stock. The stock was sold at an average price of $34.07, for a total transaction of $1,533,150.00.

Leonardo DRS Stock Performance

DRS traded down $1.77 on Thursday, reaching $34.25. The stock had a trading volume of 664,845 shares, compared to its average volume of 477,564. The business's 50-day moving average price is $34.32 and its two-hundred day moving average price is $31.20. 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 12-month low of $19.06 and a 12-month high of $37.99. The company has a market cap of $9.06 billion, a P/E ratio of 46.28, a price-to-earnings-growth ratio of 1.55 and a beta of 1.01.

Hedge Funds Weigh In On Leonardo DRS

Large investors have recently bought and sold shares of the business. Janus Henderson Group PLC increased its position in shares of Leonardo DRS by 4.9% in the third quarter. Janus Henderson Group PLC now owns 291,871 shares of the company's stock valued at $8,236,000 after buying an additional 13,613 shares in the last quarter. Franklin Resources Inc. raised its position in Leonardo DRS by 16.6% during the third quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company's stock worth $35,371,000 after acquiring an additional 176,326 shares during the period. Citigroup Inc. lifted its holdings in Leonardo DRS by 46.2% during the third quarter. Citigroup Inc. now owns 196,223 shares of the company's stock valued at $5,537,000 after purchasing an additional 62,042 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Leonardo DRS by 71.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company's stock worth $25,995,000 after purchasing an additional 384,522 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Leonardo DRS by 133.1% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 18.76% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird raised 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. Truist Financial raised their price objective on Leonardo DRS from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upped their target price on Leonardo DRS from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.