Militia Capital Partners LP Raises Stake in Leonardo DRS, Inc. $DRS

Militia Capital Partners LP boosted its holdings in shares of Leonardo DRS, Inc. (NASDAQ:DRS) by 117.4% during the 4th quarter, HoldingsChannel reports. The firm owned 37,400 shares of the company’s stock after purchasing an additional 20,200 shares during the period. Militia Capital Partners LP’s holdings in Leonardo DRS were worth $1,275,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of Montreal Can grew its position in Leonardo DRS by 1.6% during the 4th quarter. Bank of Montreal Can now owns 19,513 shares of the company’s stock worth $665,000 after purchasing an additional 309 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Leonardo DRS by 4.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,228 shares of the company’s stock worth $246,000 after purchasing an additional 322 shares during the last quarter. Osaic Holdings Inc. grew its position in Leonardo DRS by 17.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,383 shares of the company’s stock worth $111,000 after purchasing an additional 347 shares during the last quarter. Stephens Inc. AR grew its position in Leonardo DRS by 3.3% during the 4th quarter. Stephens Inc. AR now owns 12,165 shares of the company’s stock worth $415,000 after purchasing an additional 389 shares during the last quarter. Finally, Penn Capital Management Company LLC grew its position in Leonardo DRS by 0.9% during the 3rd quarter. Penn Capital Management Company LLC now owns 45,880 shares of the company’s stock worth $2,115,000 after purchasing an additional 406 shares during the last quarter. 18.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DRS. Weiss Ratings raised shares of Leonardo DRS from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 5th. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a report on Friday, May 1st. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Morgan Stanley set a $47.00 target price on shares of Leonardo DRS in a report on Wednesday, February 25th. Finally, Bank of America lifted their target price on shares of Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.80.

Insider Activity

In related news, EVP Sally Wallace sold 1,300 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $50.00, for a total transaction of $65,000.00. Following the sale, the executive vice president owned 57,053 shares of the company’s stock, valued at approximately $2,852,650. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reuben Jeffery III acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of $42.77 per share, for a total transaction of $1,069,250.00. Following the acquisition, the director owned 25,000 shares of the company’s stock, valued at $1,069,250. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 61,059 shares of company stock valued at $2,816,977 in the last quarter. Insiders own 0.25% of the company’s stock.

Leonardo DRS Stock Down 2.3%

Shares of NASDAQ DRS opened at $45.59 on Wednesday. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 42.61, a price-to-earnings-growth ratio of 3.37 and a beta of 0.34. Leonardo DRS, Inc. has a 52 week low of $32.43 and a 52 week high of $50.59. The firm has a 50-day moving average price of $44.59 and a 200 day moving average price of $41.56. The company has a quick ratio of 1.52, a current ratio of 1.86 and a debt-to-equity ratio of 0.05.

Leonardo DRS (NASDAQ:DRS) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $846.00 million for the quarter, compared to the consensus estimate of $825.05 million. Leonardo DRS had a net margin of 7.85% and a return on equity of 12.02%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Leonardo DRS has set its FY 2026 guidance at 1.260-1.300 EPS. Equities research analysts anticipate that Leonardo DRS, Inc. will post 1.3 EPS for the current fiscal year.

Leonardo DRS Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Leonardo DRS’s payout ratio is currently 33.64%.

About Leonardo DRS

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.