Northrop Grumman Corporation $NOC Shares Bought by Capital Group Investment Management PTE. LTD.

Key Points

• Capital Group Investment Management PTE. LTD. boosted its Northrop Grumman stake by 35.9% in the fourth quarter, buying 2,797 more shares and bringing its total to 10,585 shares worth about $6.0 million.
• Northrop Grumman reported stronger-than-expected quarterly results, with EPS of $6.14 and revenue of $9.88 billion, both ahead of analyst estimates.
• The company also raised its quarterly dividend to $2.47 per share, while Wall Street’s overall view remains Moderate Buy with a consensus price target of $702.63.

Capital Group Investment Management PTE. LTD. increased its holdings in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 35.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,585 shares of the aerospace company's stock after purchasing an additional 2,797 shares during the quarter. Northrop Grumman accounts for about 1.0% of Capital Group Investment Management PTE. LTD.'s holdings, making the stock its 27th largest holding. Capital Group Investment Management PTE. LTD.'s holdings in Northrop Grumman were worth $6,036,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Kestra Investment Management LLC raised its holdings in Northrop Grumman by 4.4% in the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company's stock worth $201,000 after purchasing an additional 15 shares during the period. Evolution Wealth Management Inc. raised its holdings in Northrop Grumman by 6.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company's stock worth $134,000 after purchasing an additional 15 shares during the period. Howard Financial Services LTD. raised its holdings in Northrop Grumman by 1.4% in the 4th quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company's stock worth $651,000 after purchasing an additional 16 shares during the period. Frank Rimerman Advisors LLC raised its holdings in Northrop Grumman by 0.8% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company's stock worth $1,125,000 after purchasing an additional 16 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in Northrop Grumman by 0.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company's stock worth $2,288,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 83.40% of the company's stock.

Northrop Grumman Trading Down 0.1%

Shares of Northrop Grumman stock opened at $544.73 on Friday. The firm has a market capitalization of $77.37 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 3.71 and a beta of -0.12. Northrop Grumman Corporation has a fifty-two week low of $472.02 and a fifty-two week high of $774.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The stock has a 50 day moving average of $603.63 and a 200 day moving average of $631.07.

Northrop Grumman (NYSE:NOC - Get Free Report) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, research analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued a $2.47 dividend. The ex-dividend date is Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. This is a boost from Northrop Grumman's previous quarterly dividend of $2.31. Northrop Grumman's dividend payout ratio (DPR) is presently 30.92%.

Wall Street Analyst Weigh In

NOC has been the subject of a number of analyst reports. BTIG Research restated a "buy" rating and issued a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Morgan Stanley dropped their price target on Northrop Grumman from $765.00 to $745.00 and set an "overweight" rating for the company in a research report on Wednesday, April 22nd. UBS Group lowered their price objective on Northrop Grumman from $806.00 to $745.00 and set a "buy" rating for the company in a research report on Thursday, April 23rd. Weiss Ratings lowered Northrop Grumman from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, May 29th. Finally, Argus set a $785.00 price objective on Northrop Grumman in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $702.63.

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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