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 Leonardo DRS stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.81, for a total value of $122,844.49. Following the transaction, the chief operating officer now directly owns 74,805 shares of the company’s stock, valued at approximately $2,603,962.05. This represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 value of $112,575.10.
• On Wednesday, December 11th, John Baylouny sold 8,235 shares of Leonardo DRS stock. The stock was sold at an average price of $34.50, for a total value of $284,107.50.

Leonardo DRS Trading Down 1.1 %

Shares of NASDAQ:DRS traded down $0.40 during midday trading on Tuesday, reaching $34.44. The company’s stock had a trading volume of 351,690 shares, compared to its average volume of 472,193. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 46.54, a price-to-earnings-growth ratio of 1.51 and a beta of 1.01. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. Leonardo DRS, Inc. has a 1 year low of $19.57 and a 1 year high of $37.99. The business has a 50 day moving average price of $34.31 and a 200 day moving average price of $31.36.

Wall Street Analysts Forecast Growth

DRS has been the subject of several recent research reports. 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 report on Monday, November 4th. 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 report on Tuesday, January 14th. Finally, 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 report on Thursday, October 31st. Three 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Leonardo DRS by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 7,934,919 shares of the company’s stock valued at $256,377,000 after acquiring an additional 263,002 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $54,061,000 after acquiring an additional 51,014 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Leonardo DRS by 16.6% during the third quarter. Franklin Resources Inc. now owns 1,239,569 shares of the company’s stock worth $35,371,000 after purchasing an additional 176,326 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Leonardo DRS by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,088,369 shares of the company’s stock worth $35,165,000 after purchasing an additional 75,999 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

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.