Insider Selling: Leonardo DRS, Inc. (NASDAQ:DRS) COO Sells 3,529 Shares of Stock

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 3,529 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $31.96, for a total transaction of $112,786.84. Following the sale, the chief operating officer now owns 137,283 shares of the company’s stock, valued at approximately $4,387,564.68. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, February 10th, John Baylouny sold 3,529 shares of Leonardo DRS stock. The shares were sold at an average price of $34.81, for a total value of $122,844.49.

Leonardo DRS Price Performance

DRS opened at $35.10 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 company has a market cap of $9.31 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.73. The stock has a fifty day simple moving average of $32.10 and a two-hundred day simple moving average of $32.65. Leonardo DRS, Inc. has a 12-month low of $19.88 and a 12-month high of $37.99.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Leonardo DRS had a net margin of 6.59% and a return on equity of 10.37%. The company had revenue of $981.00 million during the quarter, compared to analyst estimates of $942.18 million. Research analysts predict that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS announced that its board has authorized a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 0.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Leonardo DRS Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. Leonardo DRS’s payout ratio is 45.57%.

Analyst Ratings Changes

Several research firms have recently issued reports on DRS. Bank of America raised Leonardo DRS from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their price objective on shares of Leonardo DRS from $32.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, Truist Financial raised their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its stake in shares of Leonardo DRS by 1.1% in the fourth quarter. Cerity Partners LLC now owns 34,410 shares of the company’s stock worth $1,112,000 after acquiring an additional 359 shares during the last quarter. Bank of Montreal Can boosted its stake in Leonardo DRS by 2.1% in the 4th quarter. Bank of Montreal Can now owns 18,380 shares of the company’s stock worth $594,000 after purchasing an additional 379 shares in the last quarter. CIBC Asset Management Inc grew its position in Leonardo DRS by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 8,060 shares of the company’s stock valued at $260,000 after purchasing an additional 405 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Leonardo DRS by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,702 shares of the company’s stock valued at $249,000 after purchasing an additional 489 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in Leonardo DRS by 37.0% in the fourth quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock worth $63,000 after buying an additional 525 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

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.