Fox Hill Wealth Management Takes $1.25 Million Position in Northrop Grumman Corporation $NOC

Fox Hill Wealth Management purchased a new stake in Northrop Grumman Corporation (NYSE:NOCFree Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,453 shares of the aerospace company’s stock, valued at approximately $1,249,000.

A number of other institutional investors have also recently bought and sold shares of NOC. Torren Management LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter valued at approximately $26,000. Karpus Management Inc. acquired a new position in Northrop Grumman in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Northrop Grumman during the 4th quarter worth approximately $29,000. Perkins Coie Trust Co purchased a new position in Northrop Grumman during the 2nd quarter worth approximately $29,000. Finally, Motiv8 Investments LLC acquired a new stake in Northrop Grumman during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 0.1%

Northrop Grumman stock opened at $545.83 on Friday. The company’s fifty day simple moving average is $542.33 and its 200-day simple moving average is $604.78. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The stock has a market cap of $77.52 billion, a P/E ratio of 17.34, a P/E/G ratio of 3.53 and a beta of -0.11.

Northrop Grumman (NYSE:NOCGet Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. Northrop Grumman’s payout ratio is currently 31.39%.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of research analyst reports. 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. Citigroup upped their price target on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $653.00 price objective on shares of Northrop Grumman in a research note on Wednesday, August 5th. The Goldman Sachs Group decreased their price objective on 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, TD Cowen lifted their target price on Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $661.30.

Check Out Our Latest Report on NOC

Insider Activity

In related news, Director Mark A. Welsh III sold 95 shares of the business’s 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 owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

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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