Amundi Buys 8,880 Shares of Northrop Grumman Corporation $NOC

Key Points

• Amundi increased its Northrop Grumman position by 8.5% in the second quarter, adding 8,880 shares to own 113,526 shares valued at approximately $57.8 million. Institutional investors collectively hold 83.4% of the company.
• Northrop Grumman reported quarterly EPS of $7.68, beating estimates by $0.86, while revenue rose 5.1% year over year to $10.88 billion. The company set fiscal 2026 EPS guidance at $28.60–$29.10.
• The company declared a quarterly dividend of $2.47 per share, equivalent to $9.88 annually and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $662.25, compared with the stock’s reported $518.78 price.

Amundi lifted its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 8.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,526 shares of the aerospace company's stock after purchasing an additional 8,880 shares during the period. Amundi owned 0.08% of Northrop Grumman worth $57,820,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NOC. Kestra Investment Management LLC increased its holdings in Northrop Grumman by 4.4% during 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 during the period. Evolution Wealth Management Inc. increased its stake in shares of Northrop Grumman by 6.8% during the fourth 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 period. Diversified Portfolios Inc. raised its holdings in shares of Northrop Grumman by 0.9% in the fourth quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company's stock valued at $1,020,000 after acquiring an additional 16 shares in the last quarter. South Plains Financial Inc. raised its holdings in shares of Northrop Grumman by 1.8% in the fourth 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 in the last quarter. Finally, Tobias Financial Advisors Inc. lifted its stake in Northrop Grumman by 4.7% in the fourth quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company's stock worth $216,000 after acquiring an additional 17 shares during the period. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Trading Up 0.6%

NOC stock opened at $518.78 on Friday. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm has a market cap of $73.68 billion, a P/E ratio of 16.48, a PEG ratio of 3.02 and a beta of -0.11. The company's 50-day simple moving average is $544.55 and its 200-day simple moving average is $592.57.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

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 given 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 1.9%. Northrop Grumman's payout ratio is 31.39%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NOC. TD Cowen raised their target price on shares of Northrop Grumman from $550.00 to $590.00 and gave the company a "hold" rating in a research report on Wednesday, August 19th. Susquehanna lowered their target price on shares of Northrop Grumman from $785.00 to $655.00 and set a "positive" rating for the company in a research note on Wednesday, July 22nd. Sanford C. Bernstein reiterated a "market perform" rating and set a $653.00 price objective on shares of Northrop Grumman in a report on Wednesday, August 5th. Jefferies Financial Group cut their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a "hold" rating on the stock in a report on Friday, June 26th. Finally, Citigroup raised their target price on Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $662.25.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark Welsh, III sold 95 shares of the 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 transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

About Northrop Grumman

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.

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