World Investment Advisors Acquires 1,853 Shares of Northrop Grumman Corporation $NOC

World Investment Advisors raised its holdings in Northrop Grumman Corporation (NYSE:NOCFree Report) by 70.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,497 shares of the aerospace company’s stock after acquiring an additional 1,853 shares during the period. World Investment Advisors’ holdings in Northrop Grumman were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Torren Management LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth about $26,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Financial Life Planners acquired a new position in shares of Northrop Grumman in the 3rd quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Northrop Grumman during the 4th quarter worth approximately $29,000. Finally, Motiv8 Investments LLC bought a new stake in Northrop Grumman during the 4th quarter worth approximately $30,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 0.1%

Northrop Grumman stock opened at $521.85 on Friday. The firm has a 50-day moving average of $574.00 and a 200-day moving average of $629.31. Northrop Grumman Corporation has a one year low of $481.28 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The company has a market cap of $74.12 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 3.56 and a beta of -0.12.

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

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is currently 30.92%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NOC shares. Jefferies Financial Group reduced their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Morgan Stanley dropped their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research note on Monday. Finally, BTIG Research reiterated a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $702.63.

Check Out Our Latest Analysis on NOC

Northrop Grumman Company 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.

See Also

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOCFree Report).

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

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.