Leonardo DRS, Inc. (NASDAQ:DRS) COO Sells $284,107.50 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 8,235 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $34.50, for a total value of $284,107.50. Following the completion of the sale, the chief operating officer now owns 81,863 shares in the company, valued at approximately $2,824,273.50. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Leonardo DRS Trading Down 2.5 %

DRS opened at $34.22 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 46.24, a PEG ratio of 1.81 and a beta of 0.97. Leonardo DRS, Inc. has a 12 month low of $18.60 and a 12 month high of $37.99. The stock has a fifty day moving average price of $32.58 and a 200-day moving average price of $28.80.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. Leonardo DRS had a net margin of 6.23% and a return on equity of 9.71%. The business had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities research analysts anticipate that Leonardo DRS, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leonardo DRS

Several institutional investors have recently bought and sold shares of DRS. Nisa Investment Advisors LLC raised its position in shares of Leonardo DRS by 1,325.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock valued at $29,000 after purchasing an additional 1,074 shares during the last quarter. Covestor Ltd grew its stake in Leonardo DRS by 226.8% during the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after purchasing an additional 1,259 shares during the last quarter. Comerica Bank raised its stake in shares of Leonardo DRS by 23.7% in the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock worth $61,000 after purchasing an additional 527 shares during the last quarter. KBC Group NV lifted its holdings in shares of Leonardo DRS by 42.5% during the third quarter. KBC Group NV now owns 2,585 shares of the company’s stock worth $73,000 after purchasing an additional 771 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in Leonardo DRS in the third quarter valued at approximately $109,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on DRS shares. JPMorgan Chase & Co. upped their price target on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and raised their target price for the stock from $26.00 to $30.00 in a research report on Tuesday, September 24th. Finally, Robert W. Baird boosted their price target on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.17.

About Leonardo DRS

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.