Royal London Asset Management Ltd. boosted its holdings in Northrop Grumman Corporation (NYSE:NOC – Free Report) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,963 shares of the aerospace company’s stock after buying an additional 1,362 shares during the period. Royal London Asset Management Ltd.’s holdings in Northrop Grumman were worth $72,812,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of NOC. Kestra Investment Management LLC boosted its position in shares of Northrop Grumman by 4.4% in the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after acquiring an additional 15 shares during the last quarter. Evolution Wealth Management Inc. increased its position in Northrop Grumman by 6.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after purchasing an additional 15 shares during the last quarter. Diversified Portfolios Inc. boosted its holdings in shares of Northrop Grumman by 0.9% in the 4th quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock valued at $1,020,000 after purchasing an additional 16 shares during the last quarter. South Plains Financial Inc. boosted its holdings in shares of Northrop Grumman by 1.8% in the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock valued at $511,000 after purchasing an additional 16 shares during the last quarter. Finally, Tobias Financial Advisors Inc. grew its stake in shares of Northrop Grumman by 4.7% during the 4th quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company’s stock valued at $216,000 after buying an additional 17 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.
Insider Transactions at Northrop Grumman
In related news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.
Northrop Grumman Price Performance
Northrop Grumman (NYSE:NOC – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. The firm had revenue of $10.88 billion for 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 period in the previous year, the company posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.
Northrop Grumman Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.
Wall Street Analyst Weigh In
NOC has been the topic of several research reports. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research report on Wednesday, July 15th. TD Cowen boosted their price target on Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. cut their price objective on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $661.30.
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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