Leonardo DRS, Inc. (NASDAQ:DRS) COO Sells $122,844.49 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 3,529 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.81, for a total transaction of $122,844.49. Following the completion of the sale, the chief operating officer now owns 74,805 shares of the company’s stock, valued at $2,603,962.05. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, January 8th, John Baylouny sold 3,529 shares of Leonardo DRS stock. The stock was sold at an average price of $31.90, for a total transaction of $112,575.10.
• On Wednesday, December 11th, John Baylouny sold 8,235 shares of Leonardo DRS stock. The shares were sold at an average price of $34.50, for a total transaction of $284,107.50.

Leonardo DRS Stock Performance

NASDAQ:DRS opened at $32.16 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 50-day moving average price of $34.26 and a two-hundred day moving average price of $31.42. Leonardo DRS, Inc. has a twelve month low of $19.73 and a twelve month high of $37.99. The company has a market capitalization of $8.50 billion, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01.

Wall Street Analyst Weigh In

Several analysts recently commented on DRS shares. Truist Financial raised their price objective on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird raised their price objective 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. raised their price objective 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.00.

Hedge Funds Weigh In On Leonardo DRS

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Leonardo DRS by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company’s stock valued at $256,377,000 after acquiring an additional 263,002 shares in the last quarter. FMR LLC increased its holdings in Leonardo DRS by 183.2% during the 4th quarter. FMR LLC now owns 3,457,612 shares of the company’s stock valued at $111,715,000 after acquiring an additional 2,236,661 shares in the last quarter. Geode Capital Management LLC increased its holdings in Leonardo DRS by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock valued at $54,061,000 after acquiring an additional 51,014 shares in the last quarter. Franklin Resources Inc. increased its holdings in Leonardo DRS by 5.0% during the 4th quarter. Franklin Resources Inc. now owns 1,301,964 shares of the company’s stock valued at $42,066,000 after acquiring an additional 62,395 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Leonardo DRS by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,088,369 shares of the company’s stock valued at $35,165,000 after acquiring an additional 75,999 shares in the last quarter. 18.76% of the stock is currently 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.