Old West Investment Management LLC Acquires Shares of 24,203 Northrop Grumman Corporation $NOC

Key Points

• Old West Investment Management acquired 24,203 Northrop Grumman shares in the second quarter, valued at approximately $12.3 million. Institutional investors collectively own 83.4% of the company.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $659.30, although several firms recently reduced their targets and retained “Hold” ratings.
• Northrop Grumman exceeded quarterly earnings expectations, reporting $7.68 in adjusted EPS and $10.88 billion in revenue, while raising its quarterly dividend to $2.47 per share, a 1.7% annualized yield.

Old West Investment Management LLC acquired a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,203 shares of the aerospace company's stock, valued at approximately $12,327,000.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the 1st quarter valued at about $30,000. Torren Management LLC purchased a new position in Northrop Grumman in the fourth quarter worth about $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman during the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC increased its stake in Northrop Grumman by 380.0% during the first quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company's stock worth $33,000 after acquiring an additional 38 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman during the fourth quarter valued at approximately $29,000. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NOC has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on Northrop Grumman from $603.00 to $533.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group decreased their price target on Northrop Grumman from $620.00 to $580.00 and set a "hold" rating on the stock in a report on Friday, June 26th. 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. Weiss Ratings lowered shares of Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday. Finally, TD Cowen cut their price objective on shares of Northrop Grumman from $580.00 to $550.00 and set a "hold" rating on the stock in a research report on Wednesday, July 22nd. 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $659.30.

Insiders Place Their Bets

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The stock was 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 in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by insiders.

Northrop Grumman Stock Down 0.1%

Shares of NYSE:NOC opened at $585.18 on Monday. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The business has a 50 day simple moving average of $538.88 and a two-hundred day simple moving average of $613.61. The firm has a market capitalization of $83.11 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $10.80 billion. During the same period in the prior year, the business posted $8.15 earnings per share. 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. On average, equities analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a $2.47 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Northrop Grumman's previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. Northrop Grumman's 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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