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John Baylouny, Executive Vice President and Chief Operating Officer of Leonardo DRS, Inc. (NASDAQ:DRS), reported the sale of 3,529 shares of the company’s common stock. The transaction, which took place on March 10, 2025, was executed at a price of $30.55 per share, totaling approximately $107,810. The stock currently trades at $31.60, showing resilience despite the insider sale. According to InvestingPro data, DRS has delivered an impressive 36% return over the past year.
Following this sale, Baylouny retains ownership of 71,276 shares in the company. The transaction was conducted under a Rule 10b5-1 trading plan, which Baylouny adopted on August 13, 2024. This plan allows insiders of publicly traded corporations to set up a predetermined schedule for selling stocks they own. Based on InvestingPro’s analysis, the company maintains a "GOOD" Financial Health score, supported by strong fundamentals including a healthy current ratio of 1.94.
Leonardo DRS, Inc., headquartered in Arlington, Virginia, specializes in search, detection, navigation, and guidance systems. The company has demonstrated solid growth with revenue increasing 14.4% in the last twelve months to $3.2 billion. Analysts maintain a bullish outlook on DRS, with price targets ranging from $33 to $42. For deeper insights into DRS’s valuation and growth prospects, including exclusive ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Leonardo DRS has delivered its first Integrated Voice Communication Systems (IVCS) for the U.S. Navy’s Arleigh Burke DDG51-class destroyers. This delivery is part of the company’s ongoing efforts to support the U.S. Navy with advanced communication technologies. The IVCS is designed to enhance mission-critical ship-wide communications by integrating various channels, including ship’s announcing systems, shore lines, and radio circuits. Additionally, BTIG analyst Andre Madrid has raised the stock target for Leonardo DRS to $40, up from $38, while maintaining a Buy rating. This adjustment follows the company’s robust fourth-quarter results for 2024, which exceeded both the company’s and analysts’ expectations. Leonardo DRS’s strong positioning within the defense industry, particularly with its involvement in programs like the Columbia-class submarine, was highlighted as a key factor. The company’s record backlog of $8.5 billion also contributes to its revenue visibility, supporting projected organic growth of 6-9%. These developments reflect the firm’s confidence in Leonardo DRS’s future prospects.
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