Jones Financial Companies Lllp Acquires 22,365 Shares of Northrop Grumman Corporation $NOC

Jones Financial Companies Lllp lifted its stake in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 40.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,123 shares of the aerospace company's stock after purchasing an additional 22,365 shares during the period. Jones Financial Companies Lllp owned about 0.06% of Northrop Grumman worth $39,068,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NOC. Torren Management LLC bought a new position in Northrop Grumman in the fourth quarter worth approximately $26,000. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman during the fourth quarter valued at approximately $29,000. Perkins Coie Trust Co acquired a new position in Northrop Grumman during the 2nd quarter valued at about $29,000. Finally, Financial Life Planners purchased a new stake in Northrop Grumman in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 83.40% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOC. The Goldman Sachs Group cut their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Morgan Stanley set a $745.00 target price on Northrop Grumman in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 22nd. Citigroup lifted their price target 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. Finally, Wells Fargo & Company restated an "overweight" rating and set a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $661.30.

Northrop Grumman Price Performance

NYSE:NOC opened at $549.46 on Tuesday. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The stock has a market cap of $78.04 billion, a PE ratio of 17.45, a P/E/G ratio of 3.57 and a beta of -0.11. 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 stock has a 50 day moving average price of $541.56 and a 200 day moving average price of $608.43.

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 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 business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $8.15 EPS. The company's revenue for the quarter 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 expect that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman's dividend 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.

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