Diversify Advisory Services LLC acquired a new position in Northrop Grumman Corporation (NYSE:NOC – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,071 shares of the aerospace company’s stock, valued at approximately $1,134,000.
Other institutional investors also recently modified their holdings of the company. Pictet Asset Management Holding SA raised its stake in shares of Northrop Grumman by 7.0% in the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock valued at $41,914,000 after buying an additional 4,041 shares during the period. Vanguard Group Inc. boosted its position in shares of Northrop Grumman by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after acquiring an additional 209,135 shares during the period. New York State Teachers Retirement System grew its position in shares of Northrop Grumman by 9.7% during the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after purchasing an additional 9,924 shares in the last quarter. Geode Capital Management LLC grew its position in Northrop Grumman by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after buying an additional 17,948 shares in the last quarter. Finally, World Investment Advisors lifted its position in Northrop Grumman by 70.1% during the fourth quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock valued at $2,564,000 after purchasing an additional 1,853 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.
Key Headlines Impacting Northrop Grumman
Here are the key news stories impacting Northrop Grumman this week:
- Positive Sentiment: Northrop Grumman’s board declared a quarterly dividend of $2.47 per share, payable September 16 to shareholders of record August 31. The payment reinforces the company’s commitment to returning capital while continuing investments in manufacturing capacity and technology. Northrop Grumman Board Declares Quarterly Dividend
- Positive Sentiment: NOC and Kratos secured a U.S. Marine Corps contract to deliver missionized Valkyrie autonomous aircraft, expanding Northrop Grumman’s position in uncrewed and collaborative defense systems. Northrop Grumman Lands Marine Corps Autonomous Aircraft Contract
- Positive Sentiment: TD Cowen raised its NOC price target to $590 from $550, although it maintained a “hold” rating, implying limited near-term upside. TD Cowen Raises Northrop Grumman Price Target
- Neutral Sentiment: Recent operational developments, including design progress on the E-2D Hawkeye upgrade and expansion of military training capabilities, support Northrop Grumman’s long-term defense portfolio but do not appear to represent a major new financial catalyst. Northrop Grumman Clears Design Review for E-2D Hawkeye Upgrade
- Negative Sentiment: Investors remain focused on higher capital spending required to expand production, which could pressure near-term free cash flow and margins despite strong demand. Investors’ Focus on Higher Capital Spending Weighed on Northrop Grumman
- Negative Sentiment: Reported insider activity has consisted entirely of sales in the past six months, while more institutions reduced positions than added them in the latest quarter. These signals may be contributing to investor caution.
Insider Activity at Northrop Grumman
Northrop Grumman Stock Performance
NOC opened at $583.14 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $82.82 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 3.81 and a beta of -0.11. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The company’s 50 day moving average is $541.15 and its 200 day moving average is $611.37.
Northrop Grumman (NYSE:NOC – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.
Northrop Grumman Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be given a dividend of $2.47 per share. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.
Analyst Ratings Changes
NOC has been the topic of a number of research reports. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research note on Wednesday, July 15th. Weiss Ratings cut shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group decreased 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, July 14th. Finally, Citigroup raised their price objective on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $661.30.
Check Out Our Latest Report on NOC
About Northrop Grumman
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
- Five stocks we like better than Northrop Grumman
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
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:NOC – Free Report).
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.
