Insider Selling: Leonardo DRS (NASDAQ:DRS) COO Sells 11,420 Shares of Stock

Key Points

• John Baylouny, COO of Leonardo DRS, sold 11,420 shares of stock at an average price of $41.78, resulting in a total transaction value of $477,127.60, and a 9.07% decrease in his overall ownership in the company.
• Leonardo DRS recently reported a quarterly EPS of $0.23, exceeding analyst expectations, with revenue of $829 million, marking a 10.1% increase year-over-year.
• The company announced a quarterly dividend of $0.09 per share, reflecting an annualized dividend of $0.36 and a yield of 0.8%.

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) COO John Baylouny sold 11,420 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $41.78, for a total transaction of $477,127.60. Following the completion of the transaction, the chief operating officer owned 114,488 shares in the company, valued at approximately $4,783,308.64. This trade represents a 9.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, August 20th, John Baylouny sold 11,375 shares of Leonardo DRS stock. The stock was sold at an average price of $41.17, for a total transaction of $468,308.75.

Leonardo DRS Stock Performance

NASDAQ:DRS traded up $1.02 during midday trading on Thursday, hitting $42.56. The company's stock had a trading volume of 960,119 shares, compared to its average volume of 1,035,893. The firm has a market cap of $11.33 billion, a P/E ratio of 45.76, a P/E/G ratio of 2.18 and a beta of 0.63. Leonardo DRS, Inc. has a fifty-two week low of $26.75 and a fifty-two week high of $49.31. The firm's 50 day moving average is $43.30 and its 200-day moving average is $40.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $829.00 million for the quarter, compared to analysts' expectations of $824.50 million. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The business's revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Equities analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS's dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group assumed coverage on shares of Leonardo DRS in a research note on Monday, August 11th. They set a "buy" rating and a $50.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of Leonardo DRS in a research note on Monday, June 30th. They set a "buy" rating and a $49.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Truist Financial increased their target price on Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.75.

Institutional Trading of Leonardo DRS

A number of hedge funds and other institutional investors have recently modified their holdings of DRS. Steward Partners Investment Advisory LLC increased its position in shares of 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 last quarter. Osaic Holdings Inc. grew its position in Leonardo DRS by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company's stock valued at $111,000 after acquiring an additional 347 shares in the last quarter. Hsbc Holdings PLC grew its position in Leonardo DRS by 4.0% in the 1st quarter. Hsbc Holdings PLC now owns 9,191 shares of the company's stock valued at $298,000 after acquiring an additional 357 shares in the last quarter. Total Clarity Wealth Management Inc. grew its position in Leonardo DRS by 7.7% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 7,169 shares of the company's stock valued at $333,000 after acquiring an additional 514 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Leonardo DRS by 2.9% in the 2nd quarter. Bank of Montreal Can now owns 19,340 shares of the company's stock valued at $899,000 after acquiring an additional 546 shares in the last quarter. 18.76% of the stock is owned by institutional investors and hedge funds.

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.

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