John Baylouny Sells 3,529 Shares of Leonardo DRS, Inc. (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 3,529 shares of the company’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $31.90, for a total transaction of $112,575.10. Following the transaction, the chief operating officer now owns 78,334 shares in the company, valued at $2,498,854.60. This represents a 4.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, December 11th, John Baylouny sold 8,235 shares of Leonardo DRS stock. The stock was sold at an average price of $34.50, for a total transaction of $284,107.50.

Leonardo DRS Price Performance

Shares of NASDAQ:DRS traded down $0.58 during trading on Friday, reaching $32.70. The company had a trading volume of 43,719 shares, compared to its average volume of 373,580. The company has a fifty day moving average of $34.08 and a two-hundred day moving average of $29.98. The stock has a market capitalization of $8.65 billion, a P/E ratio of 44.19, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. Leonardo DRS, Inc. has a 12 month low of $18.73 and a 12 month high of $37.99. 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 (NASDAQ:DRS) last released its 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 company had revenue of $812.00 million for the quarter, compared to analyst estimates of $775.44 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts forecast that Leonardo DRS, Inc. will post 0.92 earnings per share for the current year.

Hedge Funds Weigh In On Leonardo DRS

Institutional investors and hedge funds have recently made changes to their positions in the business. Covestor Ltd grew its holdings in Leonardo DRS by 226.8% in the 3rd quarter. Covestor Ltd now owns 1,814 shares of the company’s stock worth $51,000 after acquiring an additional 1,259 shares during the last quarter. KBC Group NV lifted its position in shares of Leonardo DRS by 42.5% in the 3rd 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. Point72 Hong Kong Ltd purchased a new stake in shares of Leonardo DRS in the 3rd quarter worth about $109,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Leonardo DRS in the 3rd quarter worth about $113,000. Finally, New York State Teachers Retirement System lifted its position in shares of Leonardo DRS by 6.9% in the 3rd 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 during the period. Institutional investors own 18.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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