Leonardo DRS, Inc. (NASDAQ:DRS) SVP Pamela Morrow Sells 11,100 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) SVP Pamela Morrow sold 11,100 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $34.81, for a total value of $386,391.00. Following the completion of the transaction, the senior vice president now owns 12,565 shares in the company, valued at $437,387.65. This represents a 46.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Leonardo DRS Stock Performance

Shares of Leonardo DRS stock traded up $0.44 during trading hours on Tuesday, reaching $34.90. The company had a trading volume of 378,223 shares, compared to its average volume of 622,215. The business has a fifty day simple moving average of $31.39 and a 200 day simple moving average of $28.16. Leonardo DRS, Inc. has a one year low of $18.24 and a one year high of $37.99. The firm has a market cap of $9.23 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.11 and a quick ratio of 1.70.

Leonardo DRS (NASDAQ:DRS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. The company had revenue of $812.00 million for the quarter, compared to the consensus estimate of $775.44 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, analysts anticipate that Leonardo DRS, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Leonardo DRS

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in Leonardo DRS by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock valued at $35,371,000 after buying an additional 176,326 shares during the period. Geode Capital Management LLC grew its holdings in Leonardo DRS by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,915,376 shares of the company’s stock worth $54,061,000 after purchasing an additional 51,014 shares during the period. Barclays PLC boosted its holdings in Leonardo DRS by 148.5% in the third quarter. Barclays PLC now owns 178,331 shares of the company’s stock worth $5,032,000 after acquiring an additional 106,565 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Leonardo DRS in the third quarter worth $1,381,000. Finally, Point72 DIFC Ltd bought a new stake in Leonardo DRS in the 3rd quarter worth approximately $311,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DRS. Bank of America cut Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $26.00 to $30.00 in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised their price target on shares of Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.17.

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.