NEOS Investment Management LLC Acquires 4,581 Shares of Northrop Grumman Corporation $NOC

NEOS Investment Management LLC increased its stake in Northrop Grumman Corporation (NYSE:NOC) by 50.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,581 shares of the aerospace company’s stock after acquiring an additional 4,581 shares during the period. NEOS Investment Management LLC’s holdings in Northrop Grumman were worth $8,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new stake in Northrop Grumman during the 2nd quarter valued at $25,000. Physician Wealth Advisors Inc. increased its position in Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 32 shares during the last quarter. Hopwood Financial Services Inc. purchased a new stake in shares of Northrop Grumman in the third quarter valued at $30,000. NewSquare Capital LLC lifted its holdings in shares of Northrop Grumman by 75.0% in the 2nd quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 27 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Northrop Grumman in the 2nd quarter worth about $31,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Up 3.3%

Shares of NYSE:NOC opened at $724.47 on Thursday. The business’s 50 day moving average is $636.07 and its 200 day moving average is $601.81. The stock has a market cap of $102.82 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 5.21 and a beta of 0.04. Northrop Grumman Corporation has a 52-week low of $426.24 and a 52-week high of $725.55. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping the consensus estimate of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The business had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the prior year, the business earned $6.39 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd will be issued a dividend of $2.31 per share. This represents a $9.24 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, February 23rd. Northrop Grumman’s dividend payout ratio is presently 31.72%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NOC. Royal Bank Of Canada increased their price objective on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Morgan Stanley reissued an “overweight” rating and set a $765.00 price target on shares of Northrop Grumman in a research note on Wednesday, January 28th. Vertical Research restated a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a report on Tuesday, January 27th. Finally, UBS Group upped their price objective on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $693.60.

Insider Transactions at Northrop Grumman

In related news, CEO Kathy J. Warden sold 20,000 shares of Northrop Grumman stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the transaction, the chief executive officer directly owned 171,602 shares of the company’s stock, valued at $121,634,929.64. This trade represents a 10.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Welsh III sold 97 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director directly owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This trade represents a 2.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,192 shares of company stock worth $20,341,145 in the last three months. Insiders own 0.23% of the company’s stock.

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.