Price T. Rowe Sheds as Leonardo DRS Shares Drop: Market Shock or Strategic Move?

Is Leonardo DRS Losing Investor Confidence? Leonardo DRS Shares Drop Following T. Rowe’s Major Sale

According to its most recent Form 13F filing with the Securities & Exchange Commission, Price T. Rowe Associates Inc. MD reduced its ownership of Leonardo DRS, Inc. shares by 57.3% during the fourth quarter. After selling 1,122,829 shares of the company’s stock during that time, the fund now held 836,293 shares. The company had $27,022,000 at the conclusion of the last quarter, which was 0.32% of Leonardo DRS.

COO and Director of Leonardo DRS Sell Shares Worth Over $240K—Should You Be Worried?

In other developments, on Tuesday, February 11, Director Eric Salzman sold 3,477 shares of Leonardo DRS stock. The shares were sold for a total of $120,269.43, with an average price of $34.59. The director now directly owns 13,262 shares in the company, valued at $458,732.58, after the transaction was completed. Their stock ownership has decreased by 20.77% as a result of this transaction.

Additionally, on Monday, February 10th, COO John Baylouny sold 3,529 shares of the company’s stock. A total of $122,844.49 was paid for the stock, which was sold at an average price of $34.81. The chief operating officer now directly owns 74,805 shares of the company’s stock, which is worth around $2,603,962.05. Their stock ownership decreased by 4.51% as a result of the trade.

Leonardo DRS Beats Q1 Forecast as Revenue Jumps 16% YoY!

On Thursday, May 1, Leonardo DRS last reported its financial results. For the quarter, the business posted $0.20 earnings per share (EPS), $0.03 more than the consensus estimate of $0.17. The company’s sales for the quarter were $799.00 million, while analyst projections were $736.72 million.

Compared to the same period last year, Leonardo DRS’s revenue increased 16.1% during the quarter. The company’s earnings per share during the same quarter last year were $0.14. Analysts estimate Leonardo DRS, Inc. will report 1.04 earnings per share for the current fiscal year on average.

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