OVERSEA CHINESE BANKING Corp Ltd Has $1.25 Million Stock Holdings in Northrop Grumman Corporation $NOC

Key Points

• OVERSEA CHINESE BANKING Corp Ltd increased its Northrop Grumman position by 746.8% in the second quarter, holding 2,498 shares valued at approximately $1.25 million. Institutional investors own 83.4% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $661.30, compared with shares opening at $552.29.
• Northrop Grumman surpassed quarterly earnings and revenue estimates, reporting $7.68 in EPS and $10.88 billion in revenue. The company also declared a quarterly dividend of $2.47 per share, equivalent to a 1.8% yield.

OVERSEA CHINESE BANKING Corp Ltd lifted its position in Northrop Grumman Corporation (NYSE:NOC - Free Report) by 746.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,498 shares of the aerospace company's stock after buying an additional 2,203 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Northrop Grumman were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Torren Management LLC bought a new position in Northrop Grumman in the 4th quarter worth $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman during the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at about $29,000. Perkins Coie Trust Co acquired a new stake in shares of Northrop Grumman in the second quarter valued at about $29,000. Finally, Financial Life Planners bought a new position in shares of Northrop Grumman in the first quarter worth about $30,000. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on NOC shares. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research report on Wednesday, July 15th. UBS Group raised their target price on Northrop Grumman from $666.00 to $685.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Raymond James Financial reaffirmed an "outperform" rating on shares of Northrop Grumman in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a report on Wednesday, July 22nd. Finally, Robert W. Baird set a $500.00 price objective on Northrop Grumman in a research report on Wednesday, July 22nd. 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. According to data from MarketBeat.com, Northrop Grumman currently has a consensus rating of "Moderate Buy" and an average target price of $661.30.

Northrop Grumman Stock Down 2.1%

Shares of NOC opened at $552.29 on Friday. 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 company has a 50-day simple moving average of $541.45 and a 200-day simple moving average of $610.05. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The firm has a market capitalization of $78.44 billion, a P/E ratio of 17.54, a P/E/G ratio of 3.65 and a beta of -0.11.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share 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 for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business earned $8.15 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend 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 presently 31.39%.

Insider Activity

In other news, Director Mark A. Welsh III sold 95 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company's stock.

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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