Korea Investment CORP Purchases 34,426 Shares of Northrop Grumman Corporation $NOC

Korea Investment CORP lifted its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 45.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,142 shares of the aerospace company's stock after acquiring an additional 34,426 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Northrop Grumman worth $56,096,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Life Planners acquired a new position in Northrop Grumman in the first quarter worth $30,000. Torren Management LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at $26,000. Karpus Management Inc. acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at $26,000. Whipplewood Advisors LLC raised its holdings in shares of Northrop Grumman by 380.0% in the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company's stock valued at $33,000 after buying an additional 38 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman in the fourth quarter valued at about $29,000. 83.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Northrop Grumman in a research report on Monday, June 15th. Weiss Ratings downgraded shares of Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Citigroup upped their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. The Goldman Sachs Group decreased 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. Finally, Jefferies Financial Group lowered their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a "hold" rating for the company in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $661.30.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director owned 4,393 shares of the company's stock, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Down 2.1%

Shares of NYSE NOC opened at $552.29 on Friday. The stock has a market cap of $78.44 billion, a P/E ratio of 17.54, a P/E/G ratio of 3.57 and a beta of -0.11. The firm has a 50 day moving average price of $541.45 and a 200 day moving average price of $610.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00.

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 for the quarter, topping the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

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

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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