Focus Partners Advisor Solutions LLC Purchases Shares of 2,802 Northrop Grumman Corporation $NOC

Key Points

• Focus Partners Advisor Solutions purchased 2,802 Northrop Grumman shares in the second quarter, valued at approximately $1.43 million. Institutional investors collectively own 83.4% of the company.
• 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 reaffirmed fiscal 2026 EPS guidance of $28.60–$29.10.
• The company increased its quarterly dividend to $2.47 per share, or $9.88 annually, representing a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $659.30.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,802 shares of the aerospace company's stock, valued at approximately $1,428,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Northrop Grumman by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company's stock valued at $7,835,097,000 after acquiring an additional 209,135 shares during the last quarter. Capital World Investors lifted its holdings in shares of Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company's stock worth $1,958,151,000 after acquiring an additional 970,029 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Northrop Grumman by 0.6% in 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 acquiring an additional 17,948 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Northrop Grumman by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company's stock valued at $1,781,986,000 after purchasing an additional 128,855 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Northrop Grumman by 3.9% in the 4th quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company's stock valued at $950,265,000 after purchasing an additional 62,817 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

NYSE:NOC opened at $585.18 on Monday. The firm has a market cap of $83.11 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. 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 business has a 50 day moving average price of $538.88 and a 200-day moving average price of $613.61.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued 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 firm had revenue of $10.88 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter last year, the business earned $8.15 earnings per share. The business's 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. Equities research analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on NOC shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Northrop Grumman in a report on Monday, June 15th. Susquehanna lowered their price target 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. UBS Group upped their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. TD Cowen reduced their price objective on Northrop Grumman from $580.00 to $550.00 and set a "hold" rating on the stock in a research note on Wednesday, July 22nd. Finally, BTIG Research reiterated a "buy" rating and issued a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $659.30.

Insider Transactions at Northrop Grumman

In other Northrop Grumman 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 value of $52,015.35. Following the transaction, the director 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 Securities & Exchange Commission, which can be accessed through 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 company insiders.

About Northrop Grumman

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source