Principle Wealth Partners LLC acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,172 shares of the aerospace company's stock, valued at approximately $1,106,000.
A number of other institutional investors have also recently made changes to their positions in the business. Pictet Asset Management Holding SA increased its position in shares of Northrop Grumman by 7.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company's stock valued at $41,914,000 after acquiring an additional 4,041 shares during the period. Vanguard Group Inc. lifted its position in Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company's stock worth $7,835,097,000 after acquiring an additional 209,135 shares during the period. New York State Teachers Retirement System grew its stake in Northrop Grumman by 9.7% during the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company's stock valued at $63,822,000 after purchasing an additional 9,924 shares during the last quarter. Geode Capital Management LLC grew its stake in Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company's stock valued at $1,793,478,000 after purchasing an additional 17,948 shares during the last quarter. Finally, World Investment Advisors increased its holdings in shares of Northrop Grumman by 70.1% in the fourth quarter. World Investment Advisors now owns 4,497 shares of the aerospace company's stock valued at $2,564,000 after purchasing an additional 1,853 shares during the period. Institutional investors and hedge funds own 83.40% of the company's stock.
Northrop Grumman Trading Down 2.6%
Shares of NYSE:NOC opened at $570.59 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The business has a 50 day moving average of $539.49 and a two-hundred day moving average of $612.84. The company has a market capitalization of $81.04 billion, a PE ratio of 18.13, a PEG ratio of 3.79 and a beta of -0.11.
Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping analysts' consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to analysts' expectations 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 was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current year.
Insider Transactions at Northrop Grumman
In related news, Director Mark A. Welsh III sold 95 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. UBS Group raised their price objective on Northrop Grumman from $666.00 to $685.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Susquehanna dropped their target price on Northrop Grumman from $785.00 to $655.00 and set a "positive" rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Robert W. Baird set a $500.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group dropped their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a "hold" rating on the stock 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman presently has an average rating of "Moderate Buy" and a consensus price target of $659.30.
Get Our Latest Analysis on Northrop Grumman
Northrop Grumman Company Profile
(
Free Report)
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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