8,000 Shares in Leonardo DRS, Inc. $DRS Purchased by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP acquired 8,000 shares of Leonardo DRS, Inc. valued at approximately $263,000, marking a new investment in the company.
• Leonardo DRS reported **earnings per share** of $0.23 for the last quarter, surpassing expectations and showing a year-over-year revenue growth of 10.1%.
• Analysts have set a consensus target price of $46.75 for Leonardo DRS, with several firms issuing "buy" ratings, indicating positive sentiment for the stock's growth potential.

Militia Capital Partners LP acquired a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,000 shares of the company's stock, valued at approximately $263,000.

Several other hedge funds have also bought and sold shares of DRS. Ameriprise Financial Inc. bought a new stake in Leonardo DRS during the fourth quarter worth about $344,000. BNP Paribas Financial Markets purchased a new position in Leonardo DRS in the fourth quarter worth about $3,131,000. Bank of America Corp DE raised its holdings in Leonardo DRS by 142.1% in the fourth quarter. Bank of America Corp DE now owns 522,888 shares of the company's stock worth $16,895,000 after buying an additional 306,940 shares during the last quarter. Deutsche Bank AG raised its holdings in Leonardo DRS by 114.6% in the fourth quarter. Deutsche Bank AG now owns 93,773 shares of the company's stock worth $3,030,000 after buying an additional 50,083 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in Leonardo DRS in the fourth quarter worth about $440,000. Institutional investors own 18.76% of the company's stock.

Leonardo DRS Stock Up 1.1%

DRS opened at $41.61 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.11 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $43.70 and a 200-day moving average price of $39.99. Leonardo DRS, Inc. has a twelve month low of $26.75 and a twelve month high of $49.31. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 2.15 and a beta of 0.63.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Leonardo DRS had a net margin of 7.31% and a return on equity of 11.02%. The firm had revenue of $829.00 million during the quarter, compared to analysts' expectations of $824.50 million. During the same period in the previous year, the company earned $0.18 earnings per share. The firm's quarterly revenue was up 10.1% on a year-over-year basis. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. Equities research analysts forecast that Leonardo DRS, Inc. will post 1.04 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 20th. Leonardo DRS's payout ratio is presently 38.71%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen cut shares of Leonardo DRS from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Canaccord Genuity Group assumed coverage on shares of Leonardo DRS in a report on Monday, August 11th. They issued a "buy" rating and a $50.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Leonardo DRS in a report on Monday, June 30th. They issued a "buy" rating and a $49.00 target price for the company. Truist Financial lifted their target price on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Morgan Stanley lifted their target price on shares of Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.75.

Insider Activity at Leonardo DRS

In other news, Director Eric Salzman sold 4,403 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total transaction of $181,271.51. Following the completion of the transaction, the director directly owned 11,820 shares of the company's stock, valued at $486,629.40. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Baylouny sold 11,375 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $41.17, for a total transaction of $468,308.75. Following the sale, the chief operating officer owned 125,908 shares of the company's stock, valued at $5,183,632.36. This trade represents a 8.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

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.

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