Leonardo DRS, Inc. (NASDAQ:DRS) CFO Sells $881,990.40 in Stock

Leonardo DRS, Inc. (NASDAQ:DRS) CFO Michael Dippold sold 25,880 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $34.08, for a total transaction of $881,990.40. Following the completion of the transaction, the chief financial officer now owns 47,028 shares in the company, valued at $1,602,714.24. This represents a 35.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Leonardo DRS Stock Performance

NASDAQ:DRS traded up $0.44 during trading hours on Tuesday, reaching $34.90. The company had a trading volume of 378,223 shares, compared to its average volume of 622,215. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.14. Leonardo DRS, Inc. has a 52 week low of $18.24 and a 52 week high of $37.99. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 1.78 and a beta of 0.97. The firm’s 50 day moving average price is $31.39 and its 200-day moving average price is $28.16.

Leonardo DRS (NASDAQ:DRS) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. The firm had revenue of $812.00 million during the quarter, compared to analyst estimates of $775.44 million. Leonardo DRS had a return on equity of 9.71% and a net margin of 6.23%. Leonardo DRS’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. On average, analysts forecast that Leonardo DRS, Inc. will post 0.92 EPS for the current year.

Institutional Trading of Leonardo DRS

Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Leonardo DRS by 97.2% in the first quarter. Janus Henderson Group PLC now owns 41,196 shares of the company’s stock worth $909,000 after purchasing an additional 20,302 shares during the period. California State Teachers Retirement System grew its stake in Leonardo DRS by 33.9% in the 1st quarter. California State Teachers Retirement System now owns 77,704 shares of the company’s stock worth $1,716,000 after acquiring an additional 19,673 shares in the last quarter. Comerica Bank increased its position in shares of Leonardo DRS by 23.7% during the first quarter. Comerica Bank now owns 2,750 shares of the company’s stock worth $61,000 after acquiring an additional 527 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Leonardo DRS by 1,325.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,155 shares of the company’s stock valued at $29,000 after purchasing an additional 1,074 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its position in Leonardo DRS by 368.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,524 shares of the company’s stock valued at $268,000 after purchasing an additional 8,276 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.

Analyst Upgrades and Downgrades

DRS has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Leonardo DRS from $30.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Bank of America lowered shares of Leonardo DRS from a “buy” rating to a “neutral” rating and lifted their target price for the company from $26.00 to $30.00 in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lifted their price target on Leonardo DRS from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Leonardo DRS currently has an average rating of “Moderate Buy” and a consensus price target of $32.17.

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.