John Baylouny Sells 8,481 Shares of Leonardo DRS (NASDAQ:DRS) Stock

Leonardo DRS, Inc. (NASDAQ:DRS) COO John Baylouny sold 8,481 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total value of $370,534.89. Following the completion of the transaction, the chief operating officer directly owned 106,007 shares in the company, valued at approximately $4,631,445.83. This trade represents a 7.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, September 17th, John Baylouny sold 11,420 shares of Leonardo DRS stock. The shares were sold at an average price of $41.78, for a total value of $477,127.60.
• On Wednesday, August 20th, John Baylouny sold 11,375 shares of Leonardo DRS stock. The shares were sold at an average price of $41.17, for a total value of $468,308.75.

Leonardo DRS Stock Performance

Shares of Leonardo DRS stock opened at $39.34 on Friday. Leonardo DRS, Inc. has a 52 week low of $27.87 and a 52 week high of $49.31. The business’s fifty day simple moving average is $42.31 and its 200-day simple moving average is $41.97. The firm has a market cap of $10.47 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 2.07 and a beta of 0.56. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13.

Leonardo DRS (NASDAQ:DRS) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The business had revenue of $829.00 million for the quarter, compared to analyst estimates of $824.50 million. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Equities analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 20th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS’s payout ratio is currently 38.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Leonardo DRS from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Truist Financial boosted their price objective on Leonardo DRS from $45.00 to $51.00 and gave the company a “buy” rating in a report on Friday, July 11th. Zacks Research upgraded Leonardo DRS from a “hold” rating to a “strong-buy” rating in a report on Tuesday. The Goldman Sachs Group assumed coverage on Leonardo DRS in a report on Monday, June 30th. They issued a “buy” rating and a $49.00 price objective on the stock. Finally, Wall Street Zen downgraded Leonardo DRS from a “buy” rating to a “hold” rating in a report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Leonardo DRS presently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Institutional Investors Weigh In On Leonardo DRS

Several large investors have recently bought and sold shares of DRS. Caitong International Asset Management Co. Ltd purchased a new stake in Leonardo DRS during the 2nd quarter worth about $26,000. Steward Partners Investment Advisory LLC increased its holdings in Leonardo DRS by 91.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company’s stock worth $27,000 after purchasing an additional 275 shares during the period. GAMMA Investing LLC increased its holdings in Leonardo DRS by 72.2% during the 3rd quarter. GAMMA Investing LLC now owns 751 shares of the company’s stock worth $34,000 after purchasing an additional 315 shares during the period. Nisa Investment Advisors LLC increased its holdings in Leonardo DRS by 92.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company’s stock worth $42,000 after purchasing an additional 611 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Leonardo DRS during the 1st quarter worth about $50,000. Hedge funds and other institutional investors 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.