Virtus Advisers LLC Purchases Shares of 22,197 Leonardo DRS, Inc. $DRS

Posted by George Bondi on Aug 21st, 2026

Virtus Advisers LLC acquired a new stake in Leonardo DRS, Inc. (NASDAQ:DRS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 22,197 shares of the company’s stock, valued at approximately $947,000.

Several other institutional investors also recently modified their holdings of DRS. Quarry LP lifted its stake in 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 purchasing an additional 845 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Leonardo DRS during the second quarter worth approximately $31,000. Edmond DE Rothschild Holding S.A. bought a new stake in Leonardo DRS in the second quarter valued at approximately $32,000. Leonteq Securities AG bought a new stake in Leonardo DRS in the fourth quarter valued at approximately $34,000. Finally, Fifth Third Bancorp bought a new stake in Leonardo DRS in the first quarter valued at approximately $41,000. 18.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Leonardo DRS

In other Leonardo DRS news, EVP Sally Wallace sold 1,300 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $50.00, for a total transaction of $65,000.00. Following the transaction, the executive vice president owned 57,053 shares in the company, valued at $2,852,650. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jason Rinsky sold 3,865 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $46.87, for a total transaction of $181,152.55. Following the transaction, the executive vice president directly owned 31,310 shares in the company, valued at approximately $1,467,499.70. This represents a 10.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 69,228 shares of company stock worth $3,171,794. 0.25% of the stock is currently owned by company insiders.

Leonardo DRS Trading Down 3.7%

Shares of DRS stock opened at $41.00 on Friday. The firm has a 50 day moving average price of $45.02 and a two-hundred day moving average price of $44.22. The company has a quick ratio of 1.56, a current ratio of 1.92 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $10.94 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.59 and a beta of 0.35. Leonardo DRS, Inc. has a 12-month low of $32.43 and a 12-month high of $50.59.

Leonardo DRS (NASDAQ:DRS – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. Leonardo DRS had a return on equity of 12.97% and a net margin of 8.52%.The company had revenue of $913.00 million during the quarter, compared to analysts’ expectations of $903.27 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. As a group, analysts predict that Leonardo DRS, Inc. will post 1.39 earnings per share for the current year.

Leonardo DRS Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on Leonardo DRS

About Leonardo DRS

(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.