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 stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $34.81, for a total value of $122,844.49. Following the completion of the transaction, the chief operating officer now owns 74,805 shares in the company, valued at approximately $2,603,962.05. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value 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 value of $284,107.50.

Leonardo DRS Stock Performance

Leonardo DRS stock traded down $0.40 during mid-day trading on Tuesday, reaching $34.44. 351,690 shares of the company were exchanged, compared to its average volume of 472,193. Leonardo DRS, Inc. has a twelve month low of $19.57 and a twelve month high of $37.99. The firm’s 50-day simple moving average is $34.31 and its two-hundred day simple moving average is $31.36. 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 cap of $9.11 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01.

Analyst Ratings Changes

A number of research analysts recently issued reports on DRS shares. JPMorgan Chase & Co. raised their price target on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Robert W. Baird raised their price target on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Truist Financial raised their price target on Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.00.

Institutional Trading of Leonardo DRS

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Leonardo DRS by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company’s stock valued at $256,377,000 after buying an additional 263,002 shares during the period. LPL Financial LLC lifted its holdings in shares of Leonardo DRS by 10.3% in the 4th quarter. LPL Financial LLC now owns 85,423 shares of the company’s stock valued at $2,760,000 after buying an additional 7,956 shares during the period. American Century Companies Inc. lifted its holdings in shares of Leonardo DRS by 35.6% in the 4th quarter. American Century Companies Inc. now owns 63,271 shares of the company’s stock valued at $2,044,000 after buying an additional 16,608 shares during the period. Quantbot Technologies LP raised its holdings in Leonardo DRS by 23.6% during the fourth quarter. Quantbot Technologies LP now owns 49,823 shares of the company’s stock worth $1,610,000 after purchasing an additional 9,511 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings 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 worth $34,495,000 after purchasing an additional 498,979 shares during the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

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.