Sei Investments Co. decreased its position in Northrop Grumman Corporation (NYSE:NOC – Free Report) by 10.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 63,088 shares of the aerospace company’s stock after selling 7,571 shares during the period. Sei Investments Co.’s holdings in Northrop Grumman were worth $43,034,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in NOC. Davis R M Inc. grew its stake in Northrop Grumman by 0.6% in the first quarter. Davis R M Inc. now owns 59,224 shares of the aerospace company’s stock valued at $40,405,000 after acquiring an additional 348 shares during the period. Monograph Wealth Advisors LLC acquired a new stake in shares of Northrop Grumman during the first quarter worth about $351,000. Cetera Investment Advisers lifted its holdings in shares of Northrop Grumman by 5.9% during the 1st quarter. Cetera Investment Advisers now owns 87,133 shares of the aerospace company’s stock valued at $59,445,000 after purchasing an additional 4,884 shares in the last quarter. Signature Equity Partners LLC lifted its holdings in shares of Northrop Grumman by 118.7% during the 1st quarter. Signature Equity Partners LLC now owns 479 shares of the aerospace company’s stock valued at $327,000 after purchasing an additional 260 shares in the last quarter. Finally, Goepper Burkhardt LLC grew its position in shares of Northrop Grumman by 4.1% in the 1st quarter. Goepper Burkhardt LLC now owns 537 shares of the aerospace company’s stock valued at $366,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Citigroup lowered their target price on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 15th. JPMorgan Chase & Co. reduced their price target on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a report on Thursday. The Goldman Sachs Group lowered their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, UBS Group raised their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.24.
Key Headlines Impacting Northrop Grumman
Here are the key news stories impacting Northrop Grumman this week:
- Positive Sentiment: Northrop Grumman’s Q2 earnings beat expectations, and the company lifted its full-year sales guidance while highlighting strong contract wins and a record backlog, reinforcing the investment case for the stock. Is Northrop Grumman (NOC) Undervalued As Earnings Beat And Guidance Rise?
- Positive Sentiment: Broader defense sector strength is helping sentiment, with defense ETFs benefiting from higher military spending, solid quarterly results across peers, and rising geopolitical tensions that could support future demand. Defense ETFs in Focus Amid Earnings, Conflict and Military Spending
- Positive Sentiment: Several articles and analyst notes say Northrop Grumman may still be undervalued or better positioned than other industrial names, which supports investor interest after the earnings report. How Much Could a $5,000 Investment in SpaceX Be Worth By 2030? Here’s Why This Industrial Stock May Be a Better Buy Today.
- Neutral Sentiment: Analysts remain mixed, with UBS reportedly sticking to a Buy rating while TD Cowen and JPMorgan lowered price targets, suggesting expectations are still being recalibrated after earnings.
- Neutral Sentiment: Northrop Grumman also drew attention for its new robotic satellite servicing vehicle and mission extension pods, which may support long-term space systems growth but are not an immediate earnings driver. Northrop Grumman’s Mission Robotic Vehicle Launched Into Space; Operations Begin In 2027
Northrop Grumman Stock Down 0.0%
Shares of NOC stock opened at $542.09 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The firm’s fifty day moving average price is $535.81 and its two-hundred day moving average price is $622.17. The firm has a market capitalization of $76.99 billion, a P/E ratio of 17.22, a PEG ratio of 3.51 and a beta of -0.10.
Northrop Grumman (NYSE:NOC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities analysts predict that Northrop Grumman Corporation will post 28.98 EPS for the current fiscal year.
Northrop Grumman Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman’s dividend payout ratio is currently 31.39%.
Northrop Grumman 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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