Insider Selling: Leonardo DRS (NASDAQ:DRS) COO Sells $370,534.89 in Stock

Key Points

• Leonardo DRS COO John Baylouny sold 8,481 shares of stock worth $370,534.89, indicating a 7.41% decrease in his ownership of the company's stock.
• The company's stock recently traded down to $39.60, showing a significant fluctuation from its twelve-month high of $49.31.
• Leonardo DRS declared a quarterly dividend of $0.09 per share, which represents an annualized yield of 0.9%.

Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) COO John Baylouny sold 8,481 shares of the business's stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $43.69, for a total value of $370,534.89. Following the transaction, the chief operating officer owned 106,007 shares in the company, valued at $4,631,445.83. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 stock was 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 NASDAQ DRS traded down $0.59 during trading hours on Thursday, reaching $39.60. The stock had a trading volume of 1,215,586 shares, compared to its average volume of 1,021,405. Leonardo DRS, Inc. has a twelve month low of $27.87 and a twelve month high of $49.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.11 and a quick ratio of 1.70. The business's fifty day moving average is $42.38 and its two-hundred day moving average is $41.88. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.29 and a beta of 0.56.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $829.00 million during 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 in the prior year, the company posted $0.18 EPS. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. As a group, research analysts expect that Leonardo DRS, Inc. will post 1.04 EPS for the current year.

Leonardo DRS Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DRS. Truist Financial increased their target price on Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen lowered Leonardo DRS from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley boosted their target price on shares of Leonardo DRS from $44.00 to $47.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Leonardo DRS in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Leonardo DRS in a report on Monday, June 30th. They set a "buy" rating and a $49.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $46.75.

Institutional Investors Weigh In On Leonardo DRS

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Leonardo DRS by 5,230.3% in the first quarter. GAMMA Investing LLC now owns 10,554 shares of the company's stock worth $321,000 after acquiring an additional 10,356 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Leonardo DRS by 55.0% in the first quarter. SG Americas Securities LLC now owns 34,714 shares of the company's stock valued at $1,141,000 after purchasing an additional 12,317 shares in the last quarter. Illumine Investment Management LLC raised its position in Leonardo DRS by 3.2% in the 1st quarter. Illumine Investment Management LLC now owns 56,982 shares of the company's stock worth $1,874,000 after purchasing an additional 1,773 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in Leonardo DRS in the 1st quarter worth approximately $260,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Leonardo DRS by 172.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 17,971 shares of the company's stock worth $591,000 after buying an additional 11,381 shares in the last quarter. Institutional investors own 18.76% of the company's stock.

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.

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