William Lynn III Sells 45,000 Shares of Leonardo DRS, Inc. (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CEO William Lynn III sold 45,000 shares of Leonardo DRS stock in a transaction on Friday, January 31st. The stock was sold at an average price of $35.25, for a total value of $1,586,250.00. Following the sale, the chief executive officer now owns 189,937 shares in the company, valued at $6,695,279.25. The trade was a 19.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

William Lynn III also recently made the following trade(s):

• On Monday, December 2nd, William Lynn III sold 45,000 shares of Leonardo DRS stock. The shares were sold at an average price of $34.07, for a total transaction of $1,533,150.00.

Leonardo DRS Price Performance

NASDAQ DRS traded down $0.11 during trading hours on Monday, hitting $35.04. The company had a trading volume of 389,037 shares, compared to its average volume of 467,196. 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 firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 1.55 and a beta of 1.01. Leonardo DRS, Inc. has a 52 week low of $18.73 and a 52 week high of $37.99. The firm has a 50 day simple moving average of $34.29 and a 200 day simple moving average of $31.07.

Hedge Funds Weigh In On Leonardo DRS

Several hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. grew its holdings in shares of Leonardo DRS by 71.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 921,156 shares of the company’s stock worth $25,995,000 after purchasing an additional 384,522 shares in the last quarter. Van ECK Associates Corp lifted its position in Leonardo DRS by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 736,896 shares of the company’s stock valued at $23,809,000 after purchasing an additional 179,224 shares during the last quarter. Franklin Resources Inc. grew its stake in Leonardo DRS by 16.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock worth $35,371,000 after buying an additional 176,326 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Leonardo DRS by 1,133.6% in the 3rd quarter. Victory Capital Management Inc. now owns 116,438 shares of the company’s stock worth $3,286,000 after buying an additional 106,999 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Leonardo DRS by 148.5% during the 3rd quarter. Barclays PLC now owns 178,331 shares of the company’s stock valued at $5,032,000 after buying an additional 106,565 shares in the last quarter. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on DRS shares. Truist Financial upped their price objective on 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 lifted their price objective on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

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.