Engineers Gate Manager LP Raises Stock Holdings in Northrop Grumman Corporation $NOC

Key Points

• Engineers Gate Manager LP increased its Northrop Grumman stake by 2,414.5% in the second quarter, ending with 27,358 shares valued at approximately $13.9 million. Institutional investors collectively own 83.4% of NOC.
• Northrop Grumman reported quarterly earnings of $7.68 per share, beating estimates of $6.82, while revenue rose 5.1% year over year to $10.88 billion. The company reaffirmed fiscal 2026 EPS guidance of $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, above the cited share price of $518.78.

Engineers Gate Manager LP lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 2,414.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,358 shares of the aerospace company's stock after acquiring an additional 26,270 shares during the period. Engineers Gate Manager LP's holdings in Northrop Grumman were worth $13,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOC. Cidel Asset Management Inc. grew its holdings in shares of Northrop Grumman by 3.3% during the second quarter. Cidel Asset Management Inc. now owns 1,075 shares of the aerospace company's stock worth $548,000 after buying an additional 34 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Northrop Grumman by 19.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 547 shares of the aerospace company's stock valued at $279,000 after buying an additional 88 shares during the period. RFG Advisory LLC boosted its position in Northrop Grumman by 379.0% during the second quarter. RFG Advisory LLC now owns 3,224 shares of the aerospace company's stock worth $1,642,000 after acquiring an additional 2,551 shares during the last quarter. Arizona State Retirement System boosted its position in Northrop Grumman by 0.8% during the second quarter. Arizona State Retirement System now owns 37,441 shares of the aerospace company's stock worth $19,069,000 after acquiring an additional 292 shares during the last quarter. Finally, West Family Investments Inc. grew its stake in Northrop Grumman by 37.5% in the 2nd quarter. West Family Investments Inc. now owns 1,272 shares of the aerospace company's stock worth $648,000 after acquiring an additional 347 shares during the period. Hedge funds and other institutional investors own 83.40% of the company's stock.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company's stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Northrop Grumman Trading Up 0.6%

Shares of NOC opened at $518.78 on Friday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The firm has a market capitalization of $73.68 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 3.02 and a beta of -0.11. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock's fifty 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 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. The company 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%.The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be issued a $2.47 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.9%. Northrop Grumman's dividend payout ratio (DPR) is presently 31.39%.

Analyst Upgrades and Downgrades

NOC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a report on Wednesday, July 22nd. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. Raymond James Financial reiterated an "outperform" rating on shares of Northrop Grumman in a research note on Monday, June 15th. Wells Fargo & Company reiterated an "overweight" rating and set a $620.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 8th. Finally, UBS Group lifted their price target on Northrop Grumman from $685.00 to $704.00 and gave the company a "buy" rating in a report on Tuesday. One investment 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $662.25.

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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