Jupiter Topco LLC Buys Shares of 6,499 Northrop Grumman Corporation $NOC

Jupiter Topco LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOCFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,499 shares of the aerospace company’s stock, valued at approximately $3,308,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Life Planners acquired a new stake in Northrop Grumman during the 1st quarter worth approximately $30,000. Karpus Management Inc. acquired a new position in Northrop Grumman in the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC raised its stake in shares of Northrop Grumman by 380.0% during the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 38 shares during the last quarter. Motiv8 Investments LLC acquired a new position in shares of Northrop Grumman during the fourth quarter worth $30,000. Finally, EFG International AG acquired a new position in shares of Northrop Grumman during the fourth quarter worth $31,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insider Activity

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on NOC shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Susquehanna lowered their price target on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. Finally, The Goldman Sachs Group dropped their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $661.30.

Get Our Latest Research Report on NOC

Northrop Grumman Stock Down 1.4%

Shares of NYSE:NOC opened at $532.40 on Wednesday. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The business’s 50-day moving average is $543.37 and its 200-day moving average is $602.06. The company has a market capitalization of $75.62 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 3.49 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 for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $10.80 billion. During the same period in the previous year, the company posted $8.15 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be paid a $2.47 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. Northrop Grumman’s payout ratio is currently 31.39%.

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.

See Also

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

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