Glenview Trust Co Purchases Shares of 1,860 Northrop Grumman Corporation $NOC

Key Points

• Glenview Trust Co. initiated a Northrop Grumman position by purchasing 1,860 shares worth approximately $947,000 during the second quarter. Institutional investors collectively own 83.4% of the company.
• Northrop Grumman exceeded quarterly earnings expectations, reporting $7.68 in EPS versus the $6.82 consensus, while revenue rose 5.1% year over year to $10.88 billion. The company maintained 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 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $661.30.

Glenview Trust Co purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,860 shares of the aerospace company's stock, valued at approximately $947,000.

Several other hedge funds have also made changes to their positions in the business. Torren Management LLC acquired a new position in Northrop Grumman in the fourth quarter valued at $26,000. Karpus Management Inc. acquired a new stake in Northrop Grumman in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman in the 4th quarter valued at about $29,000. Perkins Coie Trust Co purchased a new stake in Northrop Grumman in the 2nd quarter valued at about $29,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Northrop Grumman during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 83.40% of the company's stock.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction 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 owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company's stock.

Northrop Grumman Stock Performance

NYSE NOC opened at $545.83 on Friday. The firm has a market capitalization of $77.52 billion, a P/E ratio of 17.34, a P/E/G ratio of 3.53 and a beta of -0.11. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The business's 50-day simple moving average is $542.33 and its 200-day simple moving average is $604.78.

Northrop Grumman (NYSE:NOC - Get Free Report) last posted 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 net margin of 10.48% and a return on equity of 24.25%. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company earned $8.15 EPS. The company'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 analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently announced 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. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman's dividend payout ratio (DPR) is currently 31.39%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. UBS Group upped their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Raymond James Financial reaffirmed an "outperform" rating on shares of Northrop Grumman in a research note on Monday, June 15th. Jefferies Financial Group decreased their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a "hold" rating on the stock in a report on Friday, June 26th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $620.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Northrop Grumman currently has a consensus rating of "Moderate Buy" and a consensus target price of $661.30.

Northrop Grumman Company 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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