46,236 Shares in Northrop Grumman Corporation $NOC Acquired by Nykredit A S

Nykredit A S purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,236 shares of the aerospace company's stock, valued at approximately $23,548,000.

A number of other hedge funds have also modified their holdings of the stock. Financial Life Planners acquired a new stake in Northrop Grumman during the first quarter valued at $30,000. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman during the 4th quarter worth about $26,000. Whipplewood Advisors LLC lifted its holdings in shares of Northrop Grumman by 380.0% during the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company's stock valued at $33,000 after buying an additional 38 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of Northrop Grumman in the 4th quarter valued at approximately $30,000. Finally, EFG International AG acquired a new position in Northrop Grumman in the fourth quarter worth approximately $31,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of Northrop Grumman 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 sale, the director 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 sale 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. Corporate insiders own 0.21% of the company's stock.

Analysts Set New Price Targets

NOC has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their target price on shares of Northrop Grumman from $603.00 to $533.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. UBS Group increased their target price on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. TD Cowen upped their price target on Northrop Grumman from $550.00 to $590.00 and gave the stock a "hold" rating in a research note on Wednesday, August 19th. Robert W. Baird set a $500.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Northrop Grumman from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $661.30.

Northrop Grumman Trading Up 0.8%

Shares of NOC stock opened at $527.98 on Friday. The firm has a market capitalization of $74.99 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 3.07 and a beta of -0.11. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The firm's fifty day simple moving average is $544.36 and its 200 day simple moving average is $599.64. 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 issued its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts' consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Announces Dividend

The company 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 $2.47 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.9%. Northrop Grumman's dividend payout ratio is 31.39%.

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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