Bank of Nova Scotia Takes Position in Leonardo DRS, Inc. $DRS

Posted by Brian Himes on Aug 27th, 2026

Bank of Nova Scotia purchased a new position in shares of Leonardo DRS, Inc. (NASDAQ:DRS – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 56,300 shares of the company’s stock, valued at approximately $2,402,000.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in shares of Leonardo DRS by 7,041.7% in the 4th quarter. Quarry LP now owns 857 shares of the company’s stock valued at $29,000 after buying an additional 845 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Leonardo DRS during the 2nd quarter worth $31,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Leonardo DRS in the second quarter valued at about $32,000. Leonteq Securities AG purchased a new stake in shares of Leonardo DRS in the fourth quarter valued at $34,000. Finally, Fifth Third Bancorp purchased a new position in shares of Leonardo DRS during the first quarter valued at approximately $41,000. 18.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Leonardo DRS

In related news, EVP Jason Rinsky sold 3,865 shares of Leonardo DRS stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $46.87, for a total transaction of $181,152.55. Following the transaction, the executive vice president owned 31,310 shares in the company, valued at approximately $1,467,499.70. The trade was a 10.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Baylouny sold 36,471 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $45.67, for a total transaction of $1,665,630.57. Following the sale, the chief executive officer directly owned 122,435 shares of the company’s stock, valued at approximately $5,591,606.45. This trade represents a 22.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 57,683 shares of company stock worth $2,650,769. 0.25% of the stock is currently owned by insiders.

Leonardo DRS Stock Up 1.2%

DRS opened at $38.60 on Thursday. The firm has a 50 day moving average price of $44.40 and a 200 day moving average price of $44.21. The company has a market cap of $10.30 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 2.32 and a beta of 0.35. Leonardo DRS, Inc. has a 1 year low of $32.43 and a 1 year high of $50.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.92.

Leonardo DRS (NASDAQ:DRS – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The firm had revenue of $913.00 million for the quarter, compared to analyst estimates of $903.27 million. Leonardo DRS had a net margin of 8.52% and a return on equity of 12.97%. Leonardo DRS’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Sell-side analysts expect that Leonardo DRS, Inc. will post 1.39 earnings per share for the current year.

Leonardo DRS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 13th. Leonardo DRS’s dividend payout ratio (DPR) is currently 30.25%.

Wall Street Analysts Forecast Growth

DRS has been the subject of several research analyst reports. Wall Street Zen raised shares of Leonardo DRS from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. lifted their price target on shares of Leonardo DRS from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Truist Financial raised shares of Leonardo DRS to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group increased their target price on Leonardo DRS from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.60.

Read Our Latest Report on Leonardo DRS

Leonardo DRS Company Profile

(Free Report)

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.