On December 11, 2024, John Baylouny, Executive Vice President and Chief Operating Officer of Leonardo DRS Inc, sold 8,235 shares of the company. Following this transaction, the insider now owns 81,863 shares of Leonardo DRS Inc.
Leonardo DRS Inc (DRS, Financial) is a leading provider of defense products and technologies. The company offers a wide range of products and services, including advanced electronic systems, network computing, and integrated mission solutions for military and commercial customers.
According to the SEC Filing, this sale is part of a broader trend observed over the past year, where there have been no insider buys and six insider sells within Leonardo DRS Inc. Over the same period, John Baylouny has sold a total of 8,235 shares and purchased none.
On the day of the sale, shares of Leonardo DRS Inc were trading at $34.5 each, giving the stock a market cap of $9.048 billion. The company's price-earnings ratio stands at 46.24, which is higher than the industry median of 36.16 and also higher than the company’s historical median price-earnings ratio.
Investors may want to consider these insider activities and valuation metrics, such as the GF Value, when evaluating the stock's potential.
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