Northrop Grumman Corporation $NOC Position Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 41.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 443,465 shares of the aerospace company’s stock after purchasing an additional 129,352 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Northrop Grumman were worth $270,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NOC. Brighton Jones LLC lifted its holdings in Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its stake in Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares during the period. Woodline Partners LP grew its holdings in shares of Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after purchasing an additional 1,978 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Northrop Grumman during the second quarter valued at approximately $757,000. Finally, Foundations Investment Advisors LLC raised its position in shares of Northrop Grumman by 29.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,204 shares of the aerospace company’s stock worth $1,102,000 after purchasing an additional 504 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northrop Grumman

In related news, CEO Kathy J. Warden sold 20,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $708.82, for a total value of $14,176,400.00. Following the completion of the sale, the chief executive officer owned 171,602 shares of the company’s stock, valued at $121,634,929.64. This represents a 10.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Michael A. Hardesty sold 147 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the transaction, the chief accounting officer directly owned 2,525 shares in the company, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is owned by company insiders.

Analyst Ratings Changes

NOC has been the subject of a number of analyst reports. Bank of America boosted their price objective on Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Susquehanna reaffirmed a “positive” rating and issued a $752.00 target price on shares of Northrop Grumman in a research report on Thursday, January 15th. UBS Group raised their target price on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Northrop Grumman in a research report on Wednesday, December 24th. Finally, Citigroup increased their price objective on shares of Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One 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 stock. According to data from MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus price target of $693.60.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $736.26 on Tuesday. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $774.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 1.01. The firm has a market capitalization of $104.49 billion, a price-to-earnings ratio of 25.28, a price-to-earnings-growth ratio of 5.45 and a beta of 0.03. The business has a 50 day simple moving average of $694.01 and a 200 day simple moving average of $620.86.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating the consensus estimate of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The firm had revenue of $11.71 billion for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the business earned $6.39 EPS. The firm’s revenue for the quarter 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 anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Monday, February 23rd were paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, February 23rd. Northrop Grumman’s payout ratio is currently 31.72%.

Northrop Grumman 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.