3,214 Shares in Northrop Grumman Corporation $NOC Acquired by Headlands Technologies LLC

Key Points

• Headlands Technologies acquired 3,214 Northrop Grumman shares worth approximately $1.64 million in the second quarter. Institutional investors collectively own 83.4% of NOC’s outstanding stock.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $661.30, despite targets ranging from $615 to $685.
• Northrop Grumman reported quarterly EPS of $7.68, surpassing estimates of $6.82, while revenue rose 5.1% year over year to $10.88 billion. The company also announced a quarterly dividend of $2.47 per share, representing a 1.8% yield.

Headlands Technologies LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,214 shares of the aerospace company's stock, valued at approximately $1,637,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NOC. Brighton Jones LLC boosted its holdings in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company's stock worth $1,394,000 after buying an additional 1,895 shares during the period. Bison Wealth LLC raised its holdings in Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company's stock worth $301,000 after acquiring an additional 32 shares during the period. Woodline Partners LP lifted its position in Northrop Grumman by 367.7% during the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company's stock worth $1,288,000 after acquiring an additional 1,978 shares during the last quarter. AXA S.A. boosted its holdings in Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company's stock valued at $8,169,000 after acquiring an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Northrop Grumman by 6.7% in the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company's stock valued at $4,432,000 after purchasing an additional 553 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Analyst Upgrades and Downgrades

NOC has been the subject of several recent analyst reports. UBS Group increased their target price on Northrop Grumman from $666.00 to $685.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a research report on Wednesday, July 22nd. Susquehanna reduced their price objective on Northrop Grumman from $785.00 to $655.00 and set a "positive" rating for the company in a research report on Wednesday, July 22nd. Citigroup raised their price objective on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Finally, Weiss Ratings raised shares of Northrop Grumman from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $661.30.

Northrop Grumman Price Performance

Shares of NOC stock opened at $539.79 on Tuesday. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The company has a market capitalization of $76.67 billion, a P/E ratio of 17.15, a P/E/G ratio of 3.53 and a beta of -0.11. The stock has a 50 day moving average of $542.99 and a two-hundred day moving average of $603.09. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $10.88 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman's dividend payout ratio is currently 31.39%.

Insider Activity 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 shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company's stock.

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.

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.

Add As Preferred Source