2,945 Shares in Northrop Grumman Corporation $NOC Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd bought a new stake in Northrop Grumman Corporation (NYSE:NOC) during the third quarter, Holdings Channel.com reports. The institutional investor bought 2,945 shares of the aerospace company’s stock, valued at approximately $1,749,000.

Several other hedge funds also recently bought and sold shares of the stock. Soundwatch Capital LLC purchased a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $6,457,274,000. Mawer Investment Management Ltd. purchased a new stake in Northrop Grumman in the second quarter valued at approximately $491,985,000. Franklin Resources Inc. raised its position in Northrop Grumman by 11.8% in the second quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock valued at $1,466,472,000 after purchasing an additional 308,680 shares during the period. Bank of New York Mellon Corp lifted its stake in Northrop Grumman by 26.7% during the third quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after purchasing an additional 221,431 shares in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in shares of Northrop Grumman by 49,898.2% during the second quarter. Laurel Wealth Advisors LLC now owns 169,494 shares of the aerospace company’s stock worth $84,744,000 after buying an additional 169,155 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NOC. Truist Financial reiterated a “hold” rating and issued a $623.00 price objective (down previously from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Jefferies Financial Group lifted their target price on Northrop Grumman from $630.00 to $690.00 and gave the company a “hold” rating in a research report on Sunday. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Bank of America increased their price target on shares of Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, TD Cowen restated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $688.79.

Insider Buying and Selling at Northrop Grumman

In other news, CEO Kathy J. Warden sold 7,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $600.00, for a total transaction of $4,200,000.00. Following the completion of the transaction, the chief executive officer directly owned 194,602 shares of the company’s stock, valued at approximately $116,761,200. This represents a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $564.08, for a total value of $54,715.76. Following the sale, the director directly owned 4,281 shares in the company, valued at $2,414,826.48. This trade represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 10,192 shares of company stock worth $6,164,745 in the last three months. 0.23% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $705.31 on Wednesday. The business has a 50-day simple moving average of $604.69 and a 200-day simple moving average of $591.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.01 and a current ratio of 1.10. Northrop Grumman Corporation has a one year low of $426.24 and a one year high of $707.66. The company has a market cap of $100.10 billion, a PE ratio of 24.21, a P/E/G ratio of 5.09 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The company had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the firm earned $6.39 earnings per share. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were issued a $2.31 dividend. This represents a $9.24 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. Northrop Grumman’s dividend payout ratio is 31.72%.

About Northrop Grumman

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.