10,000 Shares in Northrop Grumman Corporation $NOC Acquired by Ally Financial Inc.

Ally Financial Inc. purchased a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the aerospace company's stock, valued at approximately $5,093,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Torren Management LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth about $26,000. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman in the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Northrop Grumman in the 4th quarter valued at $29,000. Perkins Coie Trust Co acquired a new stake in shares of Northrop Grumman in the second quarter worth $29,000. Finally, Financial Life Planners acquired a new stake in shares of Northrop Grumman in the first quarter worth $30,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NOC. JPMorgan Chase & Co. reduced their price objective on Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating for the company in a research note on Thursday, July 23rd. TD Cowen raised their target price on Northrop Grumman from $550.00 to $590.00 and gave the stock a "hold" rating in a report on Wednesday, August 19th. UBS Group lifted their price target on Northrop Grumman from $666.00 to $685.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a report on Wednesday, July 22nd. Finally, Citigroup upped their price objective on Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. One 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 MarketBeat.com, Northrop Grumman has an average rating of "Moderate Buy" and a consensus target price of $661.30.

Northrop Grumman Stock Up 0.2%

Northrop Grumman stock opened at $552.29 on Monday. The stock has a market capitalization of $78.44 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 3.57 and a beta of -0.11. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The business has a 50 day simple moving average of $541.45 and a 200-day simple moving average of $609.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.

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.

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