Flputnam Investment Management Co. Purchases New Shares in Northrop Grumman Corporation $NOC

Key Points

• Flputnam Investment Management acquired 1,865 Northrop Grumman shares worth approximately $950,000 in the second quarter. Institutional investors and hedge funds collectively own 83.4% of NOC.
• Northrop Grumman reported quarterly EPS of $7.68, beating estimates of $6.82, while revenue rose 5.1% year over year to $10.88 billion. The company maintained fiscal 2026 EPS guidance of $28.60–$29.10.
• Analysts rate the stock a consensus “Moderate Buy”, with an average price target of $659.30 versus its reported market price of $570.59; one director also sold 95 shares under a pre-arranged trading plan.

Flputnam Investment Management Co. acquired a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,865 shares of the aerospace company's stock, valued at approximately $950,000.

Other large investors have also modified their holdings of the company. Kestra Investment Management LLC boosted its position in Northrop Grumman by 4.4% during the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company's stock worth $201,000 after purchasing an additional 15 shares in the last quarter. Evolution Wealth Management Inc. increased its position in shares of Northrop Grumman by 6.8% in 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 in the last quarter. Golden State Equity Partners raised its stake in shares of Northrop Grumman by 1.2% during the 4th quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company's stock worth $762,000 after buying an additional 16 shares during the period. Diversified Portfolios Inc. raised its stake in shares of Northrop Grumman by 0.9% during the 4th quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company's stock worth $1,020,000 after buying an additional 16 shares during the period. Finally, South Plains Financial Inc. lifted its position in shares of Northrop Grumman by 1.8% during the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company's stock valued at $511,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Stock Down 2.6%

NYSE NOC opened at $570.59 on Tuesday. The business has a fifty day moving average price of $539.49 and a 200 day moving average price of $612.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The company has a market cap of $81.04 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00.

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

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $2,405,299.29. The trade was 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NOC shares. Sanford C. Bernstein reissued a "market perform" rating and issued a $653.00 price target on shares of Northrop Grumman in a report on Wednesday, August 5th. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 22nd. Wells Fargo & Company reissued an "overweight" rating and set a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Finally, Citigroup upped their price target on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $659.30.

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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