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 Leonardo DRS stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $31.90, for a total value of $112,575.10. Following the sale, the chief operating officer now directly owns 78,334 shares of the company’s stock, valued at approximately $2,498,854.60. This trade represents a 4.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $284,107.50.

Leonardo DRS Trading Down 0.7 %

Shares of DRS opened at $33.06 on Friday. The stock has a market capitalization of $8.74 billion, a P/E ratio of 44.68, a PEG ratio of 1.76 and a beta of 1.00. Leonardo DRS, Inc. has a twelve month low of $18.73 and a twelve month high of $37.99. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $34.13 and a two-hundred day simple moving average of $30.06.

Leonardo DRS (NASDAQ:DRS) last posted its earnings results on Wednesday, October 30th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $775.44 million. During the same period in the prior year, the business posted $0.20 earnings per share. Leonardo DRS’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, research analysts anticipate that Leonardo DRS, Inc. will post 0.92 EPS for the current year.

Hedge Funds Weigh In On Leonardo DRS

Several hedge funds have recently made changes to their positions in the business. Covestor Ltd raised its stake in Leonardo DRS by 226.8% in the third quarter. Covestor Ltd now owns 1,814 shares of the company’s stock worth $51,000 after buying an additional 1,259 shares in the last quarter. KBC Group NV grew its holdings in shares of Leonardo DRS by 42.5% during the 3rd quarter. KBC Group NV now owns 2,585 shares of the company’s stock worth $73,000 after acquiring an additional 771 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Leonardo DRS in the 3rd quarter worth approximately $109,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Leonardo DRS in the 3rd quarter worth approximately $113,000. Finally, New York State Teachers Retirement System lifted its stake 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 valued at $190,000 after purchasing an additional 432 shares during the period. 18.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DRS has been the topic of several research reports. Robert W. Baird lifted their price target on shares of Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and upped their price target for the company from $26.00 to $30.00 in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.17.

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.