Militia Capital Partners LP Invests $263,000 in Leonardo DRS, Inc. $DRS

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) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 8,000 shares of the company's stock, valued at approximately $263,000.

A number of other large investors have also modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in Leonardo DRS by 92.3% in the first quarter. Nisa Investment Advisors LLC now owns 1,273 shares of the company's stock valued at $42,000 after purchasing an additional 611 shares during the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in Leonardo DRS in the 1st quarter worth about $46,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Leonardo DRS during the 1st quarter valued at about $50,000. Twin Tree Management LP acquired a new position in shares of Leonardo DRS during the 1st quarter valued at about $58,000. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Leonardo DRS during the 4th quarter valued at about $116,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DRS. JPMorgan Chase & Co. upped their price objective on shares of Leonardo DRS from $33.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Wall Street Zen downgraded shares of Leonardo DRS from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Morgan Stanley increased their target price on shares of Leonardo DRS from $44.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Truist Financial increased their target price on shares of Leonardo DRS from $45.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Canaccord Genuity Group assumed coverage on shares of Leonardo DRS in a research report on Monday, August 11th. They set a "buy" rating and a $50.00 target price for the company. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Insider Buying and Selling at Leonardo DRS

In other Leonardo DRS news, COO John Baylouny sold 11,375 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $41.17, for a total transaction of $468,308.75. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael Dippold sold 19,360 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $41.65, for a total transaction of $806,344.00. Following the sale, the chief financial officer owned 58,834 shares of the company's stock, valued at approximately $2,450,436.10. The trade was a 24.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,138 shares of company stock worth $1,455,924 in the last ninety days. 0.12% of the stock is owned by insiders.

Leonardo DRS Stock Up 0.2%

NASDAQ:DRS traded up $0.10 on Wednesday, reaching $41.88. The stock had a trading volume of 595,961 shares, compared to its average volume of 1,031,784. The company has a 50-day moving average of $43.41 and a 200 day moving average of $40.31. The company has a current ratio of 2.11, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13. The stock has a market cap of $11.14 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 2.19 and a beta of 0.63. Leonardo DRS, Inc. has a 12-month low of $26.75 and a 12-month high of $49.31.

Leonardo DRS (NASDAQ:DRS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Leonardo DRS had a return on equity of 11.02% and a net margin of 7.31%.The business had revenue of $829.00 million for the quarter, compared to analysts' expectations of $824.50 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company's revenue was up 10.1% compared to the same quarter last year. Leonardo DRS has set its FY 2025 guidance at 1.060-1.110 EPS. On average, research analysts predict 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. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Wednesday, August 20th. Leonardo DRS's dividend payout ratio is 38.71%.

Leonardo DRS Company Profile

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.