Leonardo DRS, Inc. (NASDAQ:DRS) Director Eric Salzman Sells 3,477 Shares

Leonardo DRS, Inc. (NASDAQ:DRS) Director Eric Salzman sold 3,477 shares of Leonardo DRS stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $34.59, for a total value of $120,269.43. Following the completion of the sale, the director now directly owns 13,262 shares of the company’s stock, valued at $458,732.58. The trade was a 20.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Leonardo DRS Stock Down 9.6 %

DRS stock opened at $29.07 on Friday. The business’s 50-day moving average price is $34.20 and its 200-day moving average price is $31.42. The stock has a market cap of $7.69 billion, a P/E ratio of 39.28, a PEG ratio of 1.51 and a beta of 1.01. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.14. Leonardo DRS, Inc. has a twelve month low of $19.88 and a twelve month high of $37.99.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DRS shares. JPMorgan Chase & Co. boosted their price target on Leonardo DRS from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Robert W. Baird boosted their target price on shares of Leonardo DRS from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Truist Financial upped their target price on shares of Leonardo DRS from $36.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Hedge Funds Weigh In On Leonardo DRS

Several large investors have recently added to or reduced their stakes in DRS. Steward Partners Investment Advisory LLC raised its position in shares of Leonardo DRS by 233.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the company’s stock valued at $32,000 after purchasing an additional 700 shares during the period. Covestor Ltd raised its holdings in Leonardo DRS by 226.8% during the third quarter. Covestor Ltd now owns 1,814 shares of the company’s stock valued at $51,000 after acquiring an additional 1,259 shares during the period. IFP Advisors Inc raised its holdings in Leonardo DRS by 37.0% during the fourth quarter. IFP Advisors Inc now owns 1,944 shares of the company’s stock valued at $63,000 after acquiring an additional 525 shares during the period. KBC Group NV boosted its stake in shares of Leonardo DRS by 42.5% in the third quarter. KBC Group NV now owns 2,585 shares of the company’s stock worth $73,000 after acquiring an additional 771 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Leonardo DRS during the third quarter worth about $109,000. Hedge funds and other institutional investors own 18.76% of the company’s stock.

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.