Capital Group Private Client Services Inc. Has $29.54 Million Stock Holdings in Northrop Grumman Corporation $NOC

Key Points

• Capital Group Private Client Services cut its Northrop Grumman stake by 4.3% in the fourth quarter, leaving it with 51,811 shares valued at about $29.54 million.
• Northrop Grumman reported better-than-expected quarterly results, posting EPS of $6.14 versus $6.06 expected and revenue of $9.88 billion versus $9.75 billion estimated, with revenue up 4.4% year over year.
• The company raised its quarterly dividend to $2.47 per share, while analysts currently maintain a Moderate Buy consensus with an average price target of $702.63.

Capital Group Private Client Services Inc. trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,811 shares of the aerospace company's stock after selling 2,301 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Northrop Grumman were worth $29,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company's stock worth $7,835,097,000 after buying an additional 209,135 shares during the period. Geode Capital Management LLC raised its stake in Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company's stock worth $1,793,478,000 after buying an additional 17,948 shares during the period. Franklin Resources Inc. raised its stake in Northrop Grumman by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,996,284 shares of the aerospace company's stock worth $1,825,696,000 after buying an additional 63,223 shares during the period. Ameriprise Financial Inc. raised its stake in Northrop Grumman by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,624,658 shares of the aerospace company's stock worth $990,046,000 after buying an additional 4,844 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Northrop Grumman by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,152,165 shares of the aerospace company's stock worth $656,976,000 after buying an additional 100,939 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Shares of NOC opened at $544.73 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The stock has a 50 day moving average price of $603.63 and a two-hundred day moving average price of $631.07. The firm has a market capitalization of $77.37 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.71 and a beta of -0.12. Northrop Grumman Corporation has a 52 week low of $472.02 and a 52 week high of $774.00.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping analysts' consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be issued a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. This is an increase from Northrop Grumman's previous quarterly dividend of $2.31. Northrop Grumman's dividend payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NOC. Citigroup dropped their price target on Northrop Grumman from $742.00 to $628.00 and set a "buy" rating on the stock in a research note on Monday, May 18th. UBS Group dropped their price target on Northrop Grumman from $806.00 to $745.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings downgraded Northrop Grumman from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, May 29th. Morgan Stanley dropped their price target on Northrop Grumman from $765.00 to $745.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Northrop Grumman from a "strong-buy" rating to a "hold" rating in a research note on Saturday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $702.63.

Northrop Grumman 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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