Quantbot Technologies LP bought a new stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,790 shares of the aerospace company's stock, valued at approximately $7,533,000.
Other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC increased its holdings in Northrop Grumman by 4.4% in the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company's stock worth $201,000 after purchasing an additional 15 shares in the last quarter. Evolution Wealth Management Inc. raised its holdings in Northrop Grumman by 6.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company's stock valued at $134,000 after buying an additional 15 shares during the last quarter. Golden State Equity Partners boosted its position in Northrop Grumman by 1.2% during the 4th quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company's stock worth $762,000 after buying an additional 16 shares during the period. Diversified Portfolios Inc. grew its holdings in Northrop Grumman by 0.9% during the 4th quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company's stock worth $1,020,000 after acquiring an additional 16 shares during the last quarter. Finally, South Plains Financial Inc. increased its position in Northrop Grumman by 1.8% in the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company's stock valued at $511,000 after acquiring an additional 16 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on NOC shares. Raymond James Financial reiterated an "outperform" rating on shares of Northrop Grumman in a report on Monday, June 15th. 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. Wall Street Zen lowered Northrop Grumman from a "strong-buy" rating to a "hold" rating in a research report on Saturday, April 25th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. Finally, Jefferies Financial Group reduced their price target on Northrop Grumman from $620.00 to $580.00 and set a "hold" rating on the stock in a research report on Friday, June 26th. 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 company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $661.30.
View Our Latest Stock Report on NOC
Northrop Grumman Trading Down 2.1%
NYSE:NOC opened at $552.29 on Friday. The firm's fifty day moving average is $541.45 and its 200-day moving average is $610.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The firm has a market cap of $78.44 billion, a P/E ratio of 17.54, a P/E/G ratio of 3.57 and a beta of -0.11.
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. The company had revenue of $10.88 billion during 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%. Northrop Grumman's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.
Northrop Grumman Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, August 31st. Northrop Grumman's dividend payout ratio (DPR) is presently 31.39%.
Insider Buying and Selling at Northrop Grumman
In other 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 transaction, the director directly owned 4,393 shares of the company's stock, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company's stock.
About Northrop Grumman
(
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.
Further Reading
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Northrop Grumman, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northrop Grumman wasn't on the list.
While Northrop Grumman currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
