SummitTX Capital L.P. Purchases Shares of 15,921 Northrop Grumman Corporation $NOC

Key Points

• SummitTX Capital acquired 15,921 Northrop Grumman shares in the first quarter, valued at approximately $10.86 million. Institutional investors collectively own 83.4% of the company.
• Northrop Grumman reported quarterly EPS of $7.68, exceeding the $6.82 analyst consensus, while revenue reached $10.88 billion and rose 5.1% year over year. The company guided to fiscal 2026 EPS of $28.60–$29.10.
• The company increased its quarterly dividend to $2.47 per share, or $9.88 annually, implying a 1.8% yield. Analysts maintain a Moderate Buy consensus with an average price target of $655.24, despite some target reductions.

SummitTX Capital L.P. purchased a new position in Northrop Grumman Corporation (NYSE:NOC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,921 shares of the aerospace company's stock, valued at approximately $10,862,000.

Other institutional investors have also recently made changes to their positions in the company. Torren Management LLC purchased a new stake in Northrop Grumman in the 4th quarter worth approximately $26,000. Karpus Management Inc. purchased a new position in Northrop Grumman during the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman in the fourth quarter worth approximately $29,000. Financial Life Planners bought a new position in shares of Northrop Grumman in the first quarter worth approximately $30,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Northrop Grumman in the fourth quarter worth $30,000. Institutional investors own 83.40% of the company's stock.

Northrop Grumman Trading Down 0.0%

NOC opened at $542.09 on Monday. The stock has a 50-day moving average of $535.81 and a 200 day moving average of $622.17. 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 firm has a market cap of $76.99 billion, a P/E ratio of 17.22, a P/E/G ratio of 3.51 and a beta of -0.10.

Northrop Grumman (NYSE:NOC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, research analysts forecast that Northrop Grumman Corporation will post 28.98 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a $2.47 dividend. This is a boost from Northrop Grumman's previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, June 1st. Northrop Grumman's dividend payout ratio is 31.39%.

More Northrop Grumman News

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman’s Q2 earnings beat expectations, and the company lifted its full-year sales guidance while highlighting strong contract wins and a record backlog, reinforcing the investment case for the stock. Is Northrop Grumman (NOC) Undervalued As Earnings Beat And Guidance Rise?
• Positive Sentiment: Broader defense sector strength is helping sentiment, with defense ETFs benefiting from higher military spending, solid quarterly results across peers, and rising geopolitical tensions that could support future demand. Defense ETFs in Focus Amid Earnings, Conflict and Military Spending
• Positive Sentiment: Several articles and analyst notes say Northrop Grumman may still be undervalued or better positioned than other industrial names, which supports investor interest after the earnings report. How Much Could a $5,000 Investment in SpaceX Be Worth By 2030? Here's Why This Industrial Stock May Be a Better Buy Today.
• Neutral Sentiment: Analysts remain mixed, with UBS reportedly sticking to a Buy rating while TD Cowen and JPMorgan lowered price targets, suggesting expectations are still being recalibrated after earnings.
• Neutral Sentiment: Northrop Grumman also drew attention for its new robotic satellite servicing vehicle and mission extension pods, which may support long-term space systems growth but are not an immediate earnings driver. Northrop Grumman’s Mission Robotic Vehicle Launched Into Space; Operations Begin In 2027

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen lowered Northrop Grumman from a "strong-buy" rating to a "hold" rating in a research note on Saturday, April 25th. Raymond James Financial reaffirmed an "outperform" rating on shares of Northrop Grumman in a report on Monday, June 15th. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research report on Wednesday. Weiss Ratings lowered shares of Northrop Grumman from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, July 15th. Finally, UBS Group boosted their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Northrop Grumman currently has an average rating of "Moderate Buy" and an average price target of $655.24.

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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