Northrop Grumman Corporation $NOC Stock Position Lifted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in Northrop Grumman Corporation (NYSE:NOCFree Report) by 19.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,967 shares of the aerospace company’s stock after acquiring an additional 1,784 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Northrop Grumman were worth $7,482,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NOC. Kestra Investment Management LLC lifted its position in shares of Northrop Grumman by 4.4% in the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after buying an additional 15 shares during the last quarter. Evolution Wealth Management Inc. raised its stake 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 acquiring an additional 15 shares during the period. Howard Financial Services LTD. raised its stake in Northrop Grumman by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock worth $651,000 after acquiring an additional 16 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in Northrop Grumman by 0.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock worth $1,125,000 after acquiring an additional 16 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in Northrop Grumman by 0.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock worth $2,288,000 after acquiring an additional 16 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NOC. Wells Fargo & Company began coverage on Northrop Grumman in a report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price for the company. UBS Group cut their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings lowered Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. BTIG Research reaffirmed a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, Citigroup cut their target price on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $702.63.

View Our Latest Analysis on NOC

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $499.08 on Friday. The firm’s 50 day moving average is $559.93 and its two-hundred day moving average is $628.63. The firm has a market capitalization of $70.88 billion, a P/E ratio of 15.62, a PEG ratio of 3.43 and a beta of -0.12. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a 52 week low of $487.68 and a 52 week high of $774.00.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the previous year, the firm posted $6.06 earnings per share. The business’s 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. Analysts anticipate that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared 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 was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 2.0%. Northrop Grumman’s payout ratio is presently 30.92%.

Northrop Grumman 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.

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

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