Czech National Bank Raises Stake in Northrop Grumman Corporation $NOC

Czech National Bank grew its position in Northrop Grumman Corporation (NYSE:NOCFree Report) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,002 shares of the aerospace company’s stock after purchasing an additional 1,669 shares during the quarter. Czech National Bank’s holdings in Northrop Grumman were worth $19,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Northrop Grumman by 13.1% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 30,802 shares of the aerospace company’s stock valued at $15,688,000 after buying an additional 3,562 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Northrop Grumman by 5.4% in the second quarter. Assenagon Asset Management S.A. now owns 4,219 shares of the aerospace company’s stock worth $2,149,000 after buying an additional 218 shares in the last quarter. Orser Capital Management LLC purchased a new position in shares of Northrop Grumman in the second quarter worth $535,000. 180 Wealth Advisors LLC boosted its position in shares of Northrop Grumman by 14.1% during the second quarter. 180 Wealth Advisors LLC now owns 1,483 shares of the aerospace company’s stock worth $755,000 after acquiring an additional 183 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its position in shares of Northrop Grumman by 7.4% during the second quarter. JGP Wealth Management LLC now owns 946 shares of the aerospace company’s stock worth $482,000 after acquiring an additional 65 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NYSE:NOC opened at $571.06 on Friday. 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 firm’s 50-day moving average is $534.89 and its 200 day moving average is $617.00. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The company has a market capitalization of $81.11 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 3.68 and a beta of -0.11.

Northrop Grumman (NYSE:NOCGet Free Report) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were given a $2.47 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.7%. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Analyst Upgrades and Downgrades

NOC has been the topic of several research reports. Wall Street Zen cut Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a report on Wednesday, July 22nd. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. Finally, Citigroup lowered their price objective 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. One equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $655.30.

Check Out Our Latest Stock Analysis on Northrop Grumman

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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