Avalon Trust Co Acquires New Holdings in Northrop Grumman Corporation $NOC

Avalon Trust Co bought a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,159 shares of the aerospace company's stock, valued at approximately $3,646,000.

Several other hedge funds also recently modified their holdings of the business. Torren Management LLC bought a new stake in shares of Northrop Grumman during the 4th quarter worth about $26,000. Karpus Management Inc. bought a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman in the 4th quarter valued at approximately $29,000. Perkins Coie Trust Co acquired a new stake in Northrop Grumman in the 2nd quarter worth approximately $29,000. Finally, Financial Life Planners acquired a new stake in Northrop Grumman in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NOC. Weiss Ratings downgraded Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. Jefferies Financial Group lowered 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. JPMorgan Chase & Co. lowered their target price on Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. Robert W. Baird set a $500.00 price target on Northrop Grumman in a research report on Wednesday, July 22nd. Finally, Morgan Stanley set a $745.00 price target on Northrop Grumman in a report on Wednesday, July 15th. One equities research 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $659.30.

Northrop Grumman Stock Performance

NYSE NOC opened at $585.18 on Friday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month 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 stock has a market cap of $83.12 billion, a P/E ratio of 18.59, a PEG ratio of 3.79 and a beta of -0.11. The company's 50-day simple moving average is $538.88 and its 200 day simple moving average is $613.93.

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

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were given a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. Northrop Grumman's dividend payout ratio (DPR) is currently 31.39%.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction 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 transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by company insiders.

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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