NewEdge Advisors LLC increased its position in Northrop Grumman Corporation (NYSE:NOC – Free Report) by 49.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 26,383 shares of the aerospace company’s stock after acquiring an additional 8,735 shares during the period. NewEdge Advisors LLC’s holdings in Northrop Grumman were worth $17,999,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its holdings in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 32 shares in the last quarter. Woodline Partners LP increased its position in Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after buying an additional 1,978 shares during the last quarter. AXA S.A. raised its holdings in Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock valued at $8,169,000 after buying an additional 15,309 shares in the last quarter. Finally, Glenview Trust co raised its holdings in Northrop Grumman by 2.5% during the second quarter. Glenview Trust co now owns 1,917 shares of the aerospace company’s stock valued at $958,000 after buying an additional 47 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on NOC. Weiss Ratings raised Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. UBS Group increased their price objective on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company restated an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. Jefferies Financial Group decreased their target price on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $653.00 price target on shares of Northrop Grumman in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $655.30.
Insider Activity at Northrop Grumman
In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.
Northrop Grumman Trading Up 0.6%
Shares of NYSE:NOC opened at $571.06 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The stock’s 50-day moving average is $534.89 and its 200-day moving average is $617.00. The company has a market cap of $81.11 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.68 and a beta of -0.11. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00.
Northrop Grumman (NYSE:NOC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the firm earned $8.15 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts predict that Northrop Grumman Corporation will post 28.97 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. Stockholders of record on Monday, June 1st were issued a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio is presently 31.39%.
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.
Featured Articles
- Five stocks we like better than Northrop Grumman
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOC – Free Report).
Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.
