2,869 Shares in Northrop Grumman Corporation $NOC Bought by AXQ Capital LP

AXQ Capital LP acquired a new stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,869 shares of the aerospace company's stock, valued at approximately $1,461,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOC. BlackRock Inc. bought a new position in Northrop Grumman during the 2nd quarter worth about $6,001,616,000. Bank of America Corp DE bought a new stake in shares of Northrop Grumman in the second quarter valued at about $1,298,141,000. Capital World Investors boosted its position in shares of Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company's stock worth $1,958,151,000 after buying an additional 970,029 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Northrop Grumman during the second quarter worth about $376,135,000. Finally, Corient Private Wealth LP bought a new position in shares of Northrop Grumman during the second quarter worth about $44,039,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NOC. Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. Raymond James Financial reaffirmed an "outperform" rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, Jefferies Financial Group cut their price target on shares of 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 analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $661.30.

Insider Activity

In other news, Director Mark 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 transaction of $52,015.35. Following the completion of the sale, the director owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Price Performance

NYSE:NOC opened at $513.89 on Friday. The company has a market cap of $72.99 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.10 and a beta of -0.11. The firm's fifty day moving average price is $544.64 and its two-hundred day moving average price is $599.04. Northrop Grumman Corporation has a one year low of $479.02 and a one 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.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $8.15 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be given a dividend of $2.47 per share. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.9%. Northrop Grumman's dividend payout ratio (DPR) is 31.39%.

About Northrop Grumman

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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