Leonardo DRS, Inc. (NASDAQ:DRS - Get Free Report) COO John Baylouny sold 3,529 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $31.96, for a total value of $112,786.84. Following the completion of the sale, the chief operating officer now directly owns 137,283 shares of the company's stock, valued at approximately $4,387,564.68. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
John Baylouny also recently made the following trade(s):
- On Monday, February 10th, John Baylouny sold 3,529 shares of Leonardo DRS stock. The shares were sold at an average price of $34.81, for a total value of $122,844.49.
Leonardo DRS Stock Performance
DRS stock opened at $34.26 on Thursday. The stock has a market capitalization of $9.08 billion, a PE ratio of 43.37, a price-to-earnings-growth ratio of 1.41 and a beta of 0.73. Leonardo DRS, Inc. has a 12-month low of $19.88 and a 12-month high of $37.99. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. The stock's 50 day simple moving average is $32.12 and its 200 day simple moving average is $32.55.
Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $981.00 million for the quarter, compared to analysts' expectations of $942.18 million. Leonardo DRS had a return on equity of 10.37% and a net margin of 6.59%. As a group, research analysts forecast 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 Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.05%. Leonardo DRS's dividend payout ratio (DPR) is 45.57%.
Leonardo DRS announced that its board has approved a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
Institutional Investors Weigh In On Leonardo DRS
Several hedge funds and other institutional investors have recently modified their holdings of the stock. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Leonardo DRS in the 1st quarter worth $46,000. Rhumbline Advisers increased its stake in shares of Leonardo DRS by 5.7% in the 1st quarter. Rhumbline Advisers now owns 102,479 shares of the company's stock worth $3,369,000 after purchasing an additional 5,561 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Leonardo DRS by 5,230.3% in the 1st quarter. GAMMA Investing LLC now owns 10,554 shares of the company's stock worth $321,000 after purchasing an additional 10,356 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Leonardo DRS in the 4th quarter worth $5,454,000. Finally, Mackenzie Financial Corp purchased a new stake in Leonardo DRS in the 4th quarter worth $570,000. 18.76% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DRS. JPMorgan Chase & Co. upped their target price on Leonardo DRS from $32.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Bank of America upgraded Leonardo DRS from a "neutral" rating to a "buy" rating and set a $40.00 price target on the stock in a research note on Friday, March 7th. Finally, Truist Financial upped their price target on Leonardo DRS from $36.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.83.
Check Out Our Latest Research Report on Leonardo DRS
Leonardo DRS Company Profile
(
Get Free Report)
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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