Fox Run Management L.L.C. Takes $2.40 Million Position in Northrop Grumman Corporation $NOC

Fox Run Management L.L.C. purchased a new stake in Northrop Grumman Corporation (NYSE:NOCFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,209 shares of the aerospace company’s stock, valued at approximately $2,400,000. Northrop Grumman makes up approximately 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 14th largest holding.

A number of other large investors have also added to or reduced their stakes in NOC. Torren Management LLC bought a new position in Northrop Grumman in the 4th quarter valued at approximately $26,000. Financial Life Planners bought a new position in Northrop Grumman in the 3rd quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Northrop Grumman in the 4th quarter valued at approximately $29,000. Hopwood Financial Services Inc. bought a new position in Northrop Grumman in the 3rd quarter valued at approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Northrop Grumman in the 3rd quarter valued at approximately $32,000. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective for the company. Weiss Ratings lowered shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. UBS Group dropped their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Morgan Stanley dropped their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.63.

Read Our Latest Stock Analysis on NOC

Northrop Grumman Stock Performance

NYSE:NOC opened at $539.96 on Tuesday. The company has a fifty day moving average of $600.59 and a 200-day moving average of $631.37. The firm has a market capitalization of $76.69 billion, a P/E ratio of 16.90, a P/E/G ratio of 3.71 and a beta of -0.12. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a twelve month low of $472.02 and a twelve month high of $774.00.

Northrop Grumman (NYSE:NOCGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. Northrop Grumman’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be paid a $2.47 dividend. The ex-dividend date is Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is presently 30.92%.

Northrop Grumman Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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