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 Leonardo DRS stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $41.78, for a total value of $477,127.60. Following the transaction, the chief operating officer owned 114,488 shares of the company's stock, valued at $4,783,308.64. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 NASDAQ DRS traded up $1.44 during trading on Monday, reaching $42.88. 1,583,306 shares of the company traded hands, compared to its average volume of 914,473. The firm's fifty day simple moving average is $43.10 and its 200 day simple moving average is $40.62. The stock has a market cap of $11.41 billion, a P/E ratio of 39.47, a PEG ratio of 2.16 and a beta of 0.63. Leonardo DRS, Inc. has a 12-month low of $26.75 and a 12-month high of $49.31. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13.

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

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.09 per share. The ex-dividend date 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%.

Analyst Ratings Changes

Several brokerages recently weighed in on DRS. Morgan Stanley lifted their price target on Leonardo DRS from $44.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Canaccord Genuity Group began coverage on Leonardo DRS in a research note on Monday, August 11th. They issued a "buy" rating and a $50.00 price target for the company. The Goldman Sachs Group began coverage on Leonardo DRS in a research note on Monday, June 30th. They issued a "buy" rating and a $49.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, Truist Financial lifted their price target on Leonardo DRS from $45.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Leonardo DRS has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.

Institutional Investors Weigh In On Leonardo DRS

Several institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in Leonardo DRS by 91.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 575 shares of the company's stock worth $27,000 after buying an additional 275 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Leonardo DRS by 17.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company's stock worth $111,000 after buying an additional 347 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Leonardo DRS by 4.0% during the 1st quarter. Hsbc Holdings PLC now owns 9,191 shares of the company's stock worth $298,000 after purchasing an additional 357 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its holdings in shares of Leonardo DRS by 7.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 7,169 shares of the company's stock worth $333,000 after purchasing an additional 514 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Leonardo DRS by 2.9% during the 2nd quarter. Bank of Montreal Can now owns 19,340 shares of the company's stock worth $899,000 after purchasing an additional 546 shares during the last quarter. 18.76% of the stock is currently 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.