Leonardo DRS, Inc. (NASDAQ:DRS) Director Eric Salzman Sells 3,477 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) Director Eric Salzman sold 3,477 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $34.59, for a total value of $120,269.43. Following the transaction, the director now directly owns 13,262 shares of the company’s stock, valued at approximately $458,732.58. This represents a 20.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Leonardo DRS Price Performance

Shares of DRS opened at $33.62 on Thursday. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 45.43, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. Leonardo DRS, Inc. has a fifty-two week low of $19.57 and a fifty-two week high of $37.99. The firm has a 50-day simple moving average of $34.30 and a 200-day simple moving average of $31.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.70 and a current ratio of 2.11.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial lifted their price target on Leonardo DRS from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Robert W. Baird upped their target price on Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of Leonardo DRS by 233.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company’s stock valued at $32,000 after acquiring an additional 700 shares in the last quarter. Covestor Ltd lifted its position in Leonardo DRS by 226.8% in the third quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after purchasing an additional 1,259 shares during the period. IFP Advisors Inc increased its position in Leonardo DRS by 37.0% during the 4th quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock worth $63,000 after purchasing an additional 525 shares during the period. KBC Group NV raised its stake in shares of Leonardo DRS by 42.5% during the 3rd quarter. KBC Group NV now owns 2,585 shares of the company’s stock worth $73,000 after buying an additional 771 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Leonardo DRS during the 3rd quarter worth approximately $109,000. 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.