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 business’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 completion of the transaction, the chief operating officer now owns 78,334 shares in the company, valued at approximately $2,498,854.60. The trade was a 4.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Stock Performance

Shares of DRS opened at $33.06 on Friday. Leonardo DRS, Inc. has a 52-week low of $18.73 and a 52-week high of $37.99. The stock’s 50-day simple moving average is $34.13 and its 200 day simple moving average is $30.06. 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 capitalization of $8.74 billion, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm 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 revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. Research analysts forecast that Leonardo DRS, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DRS shares. Robert W. Baird increased their price objective on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Bank of America cut Leonardo DRS from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $26.00 to $30.00 in a research note on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and three have issued 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 $32.17.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in Leonardo DRS during the second quarter valued at $16,916,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Leonardo DRS by 71.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company’s stock valued at $25,995,000 after acquiring an additional 384,522 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Leonardo DRS by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock valued at $35,371,000 after acquiring an additional 176,326 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Leonardo DRS by 28.2% during the third quarter. Van ECK Associates Corp now owns 557,672 shares of the company’s stock worth $15,698,000 after purchasing an additional 122,836 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Leonardo DRS by 1,133.6% in the third quarter. Victory Capital Management Inc. now owns 116,438 shares of the company’s stock worth $3,286,000 after purchasing an additional 106,999 shares during the last quarter. 18.76% of the stock is currently owned by hedge funds and other institutional investors.

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.