NEOS Investment Management LLC Has $11.04 Million Stock Holdings in Northrop Grumman Corporation $NOC

NEOS Investment Management LLC grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 13.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,670 shares of the aerospace company’s stock after purchasing an additional 2,576 shares during the period. NEOS Investment Management LLC’s holdings in Northrop Grumman were worth $11,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Karpus Management Inc. acquired a new stake in Northrop Grumman during the 4th quarter worth about $26,000. Perkins Coie Trust Co acquired a new position in shares of Northrop Grumman in the second quarter worth about $29,000. Financial Life Planners purchased a new position in shares of Northrop Grumman in the first quarter worth approximately $30,000. Navigoe LLC acquired a new stake in shares of Northrop Grumman during the second quarter valued at approximately $30,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Northrop Grumman during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

NOC has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on shares of Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Morgan Stanley set a $745.00 target price on Northrop Grumman in a report on Wednesday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 8th. Weiss Ratings upgraded Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Finally, The Goldman Sachs Group dropped their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $661.30.

Insider Buying and Selling

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. This represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

Northrop Grumman Stock Down 2.7%

Northrop Grumman stock opened at $513.89 on Friday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The firm has a market cap of $72.99 billion, a PE ratio of 16.32, a P/E/G ratio of 3.02 and a beta of -0.11. The firm’s 50 day moving average price is $544.64 and its two-hundred day moving average price is $599.04.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the business posted $8.15 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.