Los Angeles Capital Management LLC Buys 37,959 Shares of Northrop Grumman Corporation $NOC

Los Angeles Capital Management LLC boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 77.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,882 shares of the aerospace company’s stock after purchasing an additional 37,959 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Northrop Grumman worth $50,270,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NOC. Torren Management LLC bought a new stake in Northrop Grumman in the 4th quarter worth approximately $26,000. Financial Life Planners bought a new stake in shares of Northrop Grumman during the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Northrop Grumman during the 4th quarter valued at $29,000. Hopwood Financial Services Inc. bought a new stake in shares of Northrop Grumman during the 3rd quarter valued at $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Northrop Grumman during the 3rd quarter valued at $32,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.1%

Shares of NOC stock opened at $544.73 on Friday. The stock has a market cap of $77.37 billion, a P/E ratio of 17.05, a PEG ratio of 3.71 and a beta of -0.12. Northrop Grumman Corporation has a 52 week low of $472.02 and a 52 week high of $774.00. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $603.63 and its two-hundred day simple moving average is $631.07.

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

Northrop Grumman Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NOC. Citigroup cut 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 report on Monday, May 18th. UBS Group cut their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective for the company. Weiss Ratings downgraded shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $702.63.

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.