Northrop Grumman Corporation $NOC Shares Acquired by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Northrop Grumman stake by 13.5% in the second quarter, purchasing 2,576 additional shares. Institutional investors collectively own 83.4% of NOC.
• Northrop Grumman reported quarterly earnings of $7.68 per share, exceeding the $6.82 analyst consensus, while revenue rose 5.1% year over year to $10.88 billion.
• The company declared a quarterly dividend of $2.47 per share, equivalent to a $9.88 annualized payout and 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $661.30.

NEOS Investment Management LLC increased its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Karpus Management Inc. acquired a new position in shares of Northrop Grumman during the fourth quarter valued at $26,000. Perkins Coie Trust Co acquired a new stake in shares of Northrop Grumman in the 2nd quarter worth about $29,000. Financial Life Planners bought a new stake in Northrop Grumman in the 1st quarter valued at about $30,000. Navigoe LLC bought a new stake in Northrop Grumman in the 2nd quarter valued at about $30,000. Finally, Plato Investment Management Ltd acquired a new position in Northrop Grumman during the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Price Performance

NYSE NOC opened at $513.89 on Friday. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The firm has a market capitalization 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 company's 50 day simple moving average is $544.64 and its 200 day simple moving average is $599.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts' consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the firm posted $8.15 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NOC. JPMorgan Chase & Co. dropped their price target on shares of Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. Citigroup boosted their price objective on Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a research report on Wednesday, July 22nd. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. Finally, Susquehanna reduced their price target on Northrop Grumman from $785.00 to $655.00 and set a "positive" rating for the company in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $661.30.

Northrop Grumman Company 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.

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