Fox Hill Wealth Management Takes Position in Northrop Grumman Corporation $NOC

Fox Hill Wealth Management 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,453 shares of the aerospace company's stock, valued at approximately $1,249,000.

Several other hedge funds have also recently bought and sold shares of NOC. Kingsview Wealth Management LLC acquired a new position in Northrop Grumman during the 2nd quarter valued at about $3,507,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $8,341,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Northrop Grumman in the second quarter valued at approximately $212,000. Twin Lakes Capital Management LLC bought a new stake in shares of Northrop Grumman during the second quarter valued at approximately $113,000. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Northrop Grumman during the second quarter worth approximately $10,899,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Raymond James Financial reiterated an "outperform" rating on shares of Northrop Grumman in a research report on Monday, June 15th. Citigroup lifted their price objective on shares of Northrop Grumman from $617.00 to $667.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a "neutral" rating on the stock in a research note on Thursday, July 23rd. Finally, Susquehanna dropped their price target on shares of Northrop Grumman from $785.00 to $655.00 and set a "positive" rating on the stock in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of "Moderate Buy" and an average price target of $661.30.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the 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 completion of the sale, the director directly owned 4,393 shares of the company's stock, valued at $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Northrop Grumman Stock Up 0.1%

NOC opened at $545.83 on Friday. 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 capitalization of $77.52 billion, a PE ratio of 17.34, a P/E/G ratio of 3.53 and a beta of -0.11. The stock's fifty day moving average is $542.33 and its 200-day moving average is $604.78. 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 released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company earned $8.15 earnings per share. Northrop Grumman's revenue 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. On average, equities analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be paid a $2.47 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. Northrop Grumman's payout ratio is currently 31.39%.

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.

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