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John Baylouny, Executive Vice President and Chief Operating Officer of Leonardo DRS, Inc. (NASDAQ:DRS), recently executed a sale of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Baylouny sold 3,529 shares of common stock on April 8, 2025. The shares were sold at a price of $31.96 each, totaling approximately $112,786. The stock, which currently trades at $34.31, has shown strong momentum with a 50.75% return over the past year. InvestingPro analysis indicates the stock is currently overvalued, with analysts setting price targets between $33 and $42. Following this transaction, Baylouny retains ownership of 137,283 shares in the company.
This transaction was conducted under a pre-established Rule 10b5-1 trading plan, which Baylouny adopted on August 13, 2024. Such plans are often used by insiders to sell stocks in a manner that avoids potential allegations of insider trading.
In other recent news, Leonardo DRS announced strong fourth-quarter results for 2024, which exceeded both the company's own outlook and consensus expectations. This robust performance led BTIG analyst Andre Madrid to raise the stock's price target to $40, up from $38, while maintaining a Buy rating. The company's record backlog, valued at $8.5 billion, was highlighted as a significant factor contributing to its revenue visibility and projected organic growth of 6-9%. Additionally, Leonardo DRS secured a $16.9 million contract from the U.S. Army to upgrade the Paladin Electric Servo Amplifier, a key component of the M109A7 Paladin self-propelled howitzer. The company also introduced its new Artificial Intelligence Processor, designed to enhance situational awareness and threat detection for U.S. Army vehicles. Furthermore, Leonardo DRS delivered its first Integrated Voice Communication Systems for the U.S. Navy's Arleigh Burke DDG51-class destroyers, marking a significant step in its partnership with the Navy. These recent developments underscore Leonardo DRS's ongoing commitment to providing advanced defense technologies to U.S. military forces.
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