Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny Sells 8,235 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 8,235 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $34.50, for a total transaction of $284,107.50. Following the sale, the chief operating officer now owns 81,863 shares of the company’s stock, valued at approximately $2,824,273.50. The trade was a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Leonardo DRS Trading Down 0.4 %

DRS opened at $34.09 on Friday. The business has a fifty day moving average price of $32.65 and a 200 day moving average price of $28.91. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70. Leonardo DRS, Inc. has a 12 month low of $18.60 and a 12 month high of $37.99. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 1.81 and a beta of 0.97.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $812.00 million for 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 quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Sell-side analysts expect that Leonardo DRS, Inc. will post 0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Bank of America downgraded Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their target price for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Robert W. Baird increased 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. Finally, JPMorgan Chase & Co. lifted 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.17.

Institutional Trading of Leonardo DRS

Institutional investors have recently bought and sold shares of the business. Cerity Partners LLC boosted its holdings in shares of Leonardo DRS by 1.1% in the 3rd quarter. Cerity Partners LLC now owns 34,051 shares of the company’s stock valued at $961,000 after buying an additional 354 shares in the last quarter. Blair William & Co. IL boosted its stake in Leonardo DRS by 1.1% in the second 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 grew its holdings in shares of 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 purchasing an additional 424 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Leonardo DRS by 6.9% during the third quarter. New York State Teachers Retirement System now owns 6,722 shares of the company’s stock worth $190,000 after purchasing an additional 432 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Leonardo DRS by 1.3% in the 3rd 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 owned by hedge funds and other institutional investors.

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.