Robinhood Asset Management LLC Has $6.07 Million Stake in Northrop Grumman Corporation $NOC

Key Points

• Robinhood Asset Management increased its Northrop Grumman stake by 48.5% in the second quarter, bringing its holdings to 11,927 shares valued at approximately $6.07 million. Institutional investors and hedge funds collectively own 83.4% of the company.
• Northrop Grumman exceeded quarterly earnings expectations, reporting $7.68 EPS versus the $6.82 consensus and $10.88 billion in revenue, up 5.1% year over year. The company maintained fiscal 2026 EPS guidance of $28.60–$29.10.
• The company declared a quarterly dividend of $2.47, equivalent to $9.88 annually and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $661.30, above the reported $552.29 share price.

Robinhood Asset Management LLC raised its position in shares of Northrop Grumman Corporation (NYSE:NOC - Free Report) by 48.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,927 shares of the aerospace company's stock after acquiring an additional 3,894 shares during the quarter. Robinhood Asset Management LLC's holdings in Northrop Grumman were worth $6,074,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vise Technologies Inc. grew its holdings in Northrop Grumman by 95.9% during the 2nd quarter. Vise Technologies Inc. now owns 10,915 shares of the aerospace company's stock worth $5,559,000 after acquiring an additional 5,343 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Northrop Grumman by 746.8% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,498 shares of the aerospace company's stock valued at $1,249,000 after purchasing an additional 2,203 shares during the period. E Fund Management Co. Ltd. boosted its position in shares of Northrop Grumman by 11.6% during the 2nd quarter. E Fund Management Co. Ltd. now owns 529 shares of the aerospace company's stock valued at $269,000 after purchasing an additional 55 shares in the last quarter. Live Oak Investment Partners boosted its position in shares of Northrop Grumman by 15.4% during the 2nd quarter. Live Oak Investment Partners now owns 961 shares of the aerospace company's stock valued at $489,000 after purchasing an additional 128 shares in the last quarter. Finally, Csenge Advisory Group grew its stake in Northrop Grumman by 15.8% during the second quarter. Csenge Advisory Group now owns 2,999 shares of the aerospace company's stock worth $1,528,000 after purchasing an additional 409 shares during the period. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman 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 completion of the transaction, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company's stock.

Northrop Grumman Stock Performance

NOC opened at $552.29 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company's fifty day moving average price is $541.45 and its two-hundred day moving average price is $610.05. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The company has a market cap of $78.44 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 3.65 and a beta of -0.11.

Northrop Grumman (NYSE:NOC - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts' consensus estimates of $6.82 by $0.86. The firm 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NOC. Sanford C. Bernstein reiterated a "market perform" rating and issued a $653.00 target price on shares of Northrop Grumman in a report on Wednesday, August 5th. Wells Fargo & Company restated an "overweight" rating and set a $620.00 price target on shares of Northrop Grumman in a report on Wednesday, July 8th. Citigroup raised their price objective 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 lowered their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a "neutral" rating for the company in a research note on Tuesday, July 14th. Finally, Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $661.30.

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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