John Baylouny Sells 3,529 Shares of Leonardo DRS, Inc. (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 3,529 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.81, for a total transaction of $122,844.49. Following the completion of the sale, the chief operating officer now owns 74,805 shares of the company’s stock, valued at approximately $2,603,962.05. The trade was a 4.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was 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 shares were sold at an average price of $34.50, for a total value of $284,107.50.

Leonardo DRS Stock Down 2.4 %

Shares of DRS stock opened at $33.62 on Thursday. The stock’s 50 day simple moving average is $34.30 and its 200 day simple moving average is $31.40. Leonardo DRS, Inc. has a twelve month low of $19.57 and a twelve month high of $37.99. 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 company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 1.51 and a beta of 1.01.

Hedge Funds Weigh In On Leonardo DRS

A number of institutional investors have recently modified their holdings of DRS. Steward Partners Investment Advisory LLC grew its stake in Leonardo DRS by 233.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company’s stock valued at $32,000 after buying an additional 700 shares during the last quarter. Covestor Ltd boosted its holdings in Leonardo DRS by 226.8% during the third quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after acquiring an additional 1,259 shares during the period. IFP Advisors Inc grew its position in shares of Leonardo DRS by 37.0% in the fourth quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock valued at $63,000 after purchasing an additional 525 shares during the last quarter. KBC Group NV increased its stake in shares of Leonardo DRS by 42.5% in the third quarter. KBC Group NV now owns 2,585 shares of the company’s stock worth $73,000 after purchasing an additional 771 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Leonardo DRS during the 3rd quarter worth about $109,000. Institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price target on Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Finally, Robert W. Baird boosted their target price on shares of 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Leonardo DRS presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

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.