Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Northrop Grumman Corporation (NYSE:NOC – Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,206 shares of the aerospace company’s stock after selling 1,114 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Northrop Grumman were worth $17,794,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC bought a new position in Northrop Grumman in the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new position in Northrop Grumman in the third quarter valued at approximately $27,000. Physician Wealth Advisors Inc. increased its stake in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 32 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Northrop Grumman in the fourth quarter valued at approximately $29,000. Finally, Hopwood Financial Services Inc. bought a new position in Northrop Grumman in the third quarter valued at approximately $30,000. 83.40% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Weiss Ratings cut shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective on the stock. Argus set a $785.00 price objective on shares of Northrop Grumman in a research note on Tuesday, February 10th. UBS Group cut their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group cut their target price on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $702.63.
Northrop Grumman Stock Performance
Shares of Northrop Grumman stock opened at $562.67 on Monday. Northrop Grumman Corporation has a fifty-two week low of $468.50 and a fifty-two week 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 firm has a market capitalization of $79.92 billion, a P/E ratio of 17.61, a P/E/G ratio of 3.84 and a beta of -0.12. The company’s 50 day moving average price is $619.26 and its two-hundred day moving average price is $632.35.
Northrop Grumman (NYSE:NOC – Get Free Report) last issued its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the business posted $6.06 earnings per share. The company’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 forecast that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.
Northrop Grumman Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be issued a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date is Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is presently 28.92%.
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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