1,068 Shares in Northrop Grumman Corporation $NOC Acquired by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,068 shares of the aerospace company’s stock, valued at approximately $609,000.

A number of other large investors have also recently added to or reduced their stakes in NOC. Brighton Jones LLC boosted its holdings in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after buying an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its holdings in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares in the last quarter. Woodline Partners LP boosted its holdings in Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after buying an additional 1,978 shares in the last quarter. AXA S.A. boosted its holdings in Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after buying an additional 15,309 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Northrop Grumman by 6.7% in the 2nd quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after purchasing an additional 553 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Trading Up 1.3%

Northrop Grumman stock opened at $551.67 on Wednesday. The company has a 50 day moving average price of $583.62 and a 200 day moving average price of $630.55. Northrop Grumman Corporation has a 52 week low of $481.28 and a 52 week high of $774.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The firm has a market capitalization of $78.35 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 3.72 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm earned $6.06 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts forecast that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is currently 30.92%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective for the company. Citigroup decreased their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Morgan Stanley decreased their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $702.63.

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.