MASTERINVEST Kapitalanlage GmbH bought a new position in Northrop Grumman Corporation (NYSE:NOC – Free Report) in the 1st quarter, Holdings Channel reports. The firm bought 1,409 shares of the aerospace company’s stock, valued at approximately $961,000.
A number of other large investors have also recently made changes to their positions in the company. Torren Management LLC bought a new position in Northrop Grumman during the 4th quarter valued at about $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman in the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Northrop Grumman in the fourth quarter worth about $29,000. Financial Life Planners purchased a new position in shares of Northrop Grumman during the first quarter valued at approximately $30,000. Finally, Motiv8 Investments LLC purchased a new position in shares of Northrop Grumman during the fourth quarter valued at approximately $30,000. 83.40% of the stock is owned by hedge funds and other institutional investors.
Northrop Grumman Price Performance
Shares of NOC stock opened at $525.96 on Thursday. The company has a market capitalization of $74.70 billion, a P/E ratio of 16.46, a P/E/G ratio of 3.58 and a beta of -0.10. The company’s 50-day simple moving average is $539.25 and its two-hundred day simple moving average is $624.94. Northrop Grumman Corporation has a one year low of $493.84 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.
Northrop Grumman Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were given a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. Northrop Grumman’s dividend payout ratio is presently 30.92%.
More Northrop Grumman News
Here are the key news stories impacting Northrop Grumman this week:
- Positive Sentiment: Northrop Grumman broke ground on a new Utah facility tied to the Sentinel ICBM program and other advanced aerospace missions, reinforcing long-term defense spending demand and signaling continued investment in growth. Northrop Grumman Breaks Ground on New Facility to Support Strategic Deterrence and Advanced Aerospace Missions in Utah
- Positive Sentiment: Analysts continue to view Northrop Grumman as a potential earnings beat ahead of its quarterly report, with expectations that the company has the right mix of factors to top estimates. Northrop Grumman (NOC) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
- Positive Sentiment: Morgan Stanley included Northrop Grumman in its top defense stock picks, suggesting institutional confidence in the name even as it highlighted broader upside in the sector. Morgan Stanley Picks Its Top Three Defense Stocks. One Has 100% Upside.
- Neutral Sentiment: Other articles reinforced the idea that defense contractors can benefit from long-term space and missile-defense spending, which supports the sector backdrop for NOC. Missed Out On The SpaceX IPO? Buy These Industrial Giants Instead.
- Neutral Sentiment: There was also coverage about BAE Systems expanding in radar, which highlights competitive activity in adjacent defense markets but does not directly change Northrop Grumman’s near-term outlook. Is BAE Systems Expanding Its Presence in the Radar Market?
- Negative Sentiment: At the same time, analysts trimmed Northrop Grumman’s fair value estimate and lowered price targets, pointing to more cautious expectations for near-term execution and upside. Northrop Grumman (NOC) Stock Fair Value Edges Lower As Analysts Trim Targets
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on NOC. BTIG Research reaffirmed a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. UBS Group decreased their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group dropped their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. Finally, TD Cowen reduced their target price on Northrop Grumman from $680.00 to $580.00 and set a “hold” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and an average target price of $676.29.
Check Out Our Latest Stock Analysis on Northrop Grumman
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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