Hilltop Holdings Inc. Has $311,000 Position in Northrop Grumman Corporation $NOC

Hilltop Holdings Inc. decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 93.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 456 shares of the aerospace company’s stock after selling 6,227 shares during the quarter. Hilltop Holdings Inc.’s holdings in Northrop Grumman were worth $311,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NOC. Torren Management LLC acquired a new position in shares of Northrop Grumman during the 4th quarter worth about $26,000. Karpus Management Inc. acquired a new stake in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman in the 4th quarter valued at approximately $29,000. Motiv8 Investments LLC bought a new position in Northrop Grumman during the 4th quarter worth approximately $30,000. Finally, Financial Life Planners bought a new position in Northrop Grumman during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Citigroup reduced their price target on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 15th. Finally, Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $659.00.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $550.37 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The company has a market capitalization of $78.17 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 3.55 and a beta of -0.10. The company’s 50 day moving average price is $535.62 and its two-hundred day moving average price is $621.55. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

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

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.