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 shares were sold at an average price of $34.81, for a total value of $122,844.49. Following the sale, the chief operating officer now directly owns 74,805 shares of the company’s stock, valued at approximately $2,603,962.05. This represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were 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 stock was sold at an average price of $34.50, for a total transaction of $284,107.50.

Leonardo DRS Trading Down 1.1 %

Shares of DRS stock opened at $34.44 on Wednesday. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 1.51 and a beta of 1.01. The company’s fifty day simple moving average is $34.31 and its two-hundred day simple moving average is $31.36. Leonardo DRS, Inc. has a 1 year low of $19.57 and a 1 year high of $37.99. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DRS shares. Truist Financial increased their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Robert W. Baird raised their target price on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. 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, Leonardo DRS has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Hedge Funds Weigh In On Leonardo DRS

Several hedge funds have recently made changes to their positions in DRS. Vanguard Group Inc. lifted 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 worth $256,377,000 after purchasing an additional 263,002 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Leonardo DRS by 2.7% during the third quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock valued at $54,061,000 after buying an additional 51,014 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Leonardo DRS by 16.6% in the third 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. Charles Schwab Investment Management Inc. boosted its position in shares of Leonardo DRS by 7.5% in the fourth 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 during the period. Finally, Teacher Retirement System of Texas grew its stake in Leonardo DRS by 87.7% during the fourth quarter. Teacher Retirement System of Texas now owns 1,067,630 shares of the company’s stock valued at $34,495,000 after acquiring an additional 498,979 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.