NWI Management LP Acquires New Shares in Northrop Grumman Corporation $NOC

NWI Management LP acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,500 shares of the aerospace company’s stock, valued at approximately $14,668,000. Northrop Grumman comprises approximately 0.8% of NWI Management LP’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of NOC. Capital World Investors raised its position in Northrop Grumman by 39.4% in the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after purchasing an additional 970,029 shares during the last quarter. J. Stern & Co. LLP boosted its stake in shares of Northrop Grumman by 56,920.9% during the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock valued at $240,603,000 after purchasing an additional 421,215 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Northrop Grumman by 272.8% during the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after purchasing an additional 293,909 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Northrop Grumman by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after buying an additional 209,135 shares during the period. Finally, M&T Bank Corp raised its holdings in Northrop Grumman by 1,086.5% in the 4th quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock valued at $109,813,000 after buying an additional 176,352 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $615.00 price target on shares of Northrop Grumman in a research report on Wednesday, July 22nd. Citigroup cut their price target on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. BTIG Research reissued a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Finally, Susquehanna reduced their price objective on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and an average price target of $659.00.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $543.87 on Friday. The stock’s 50 day moving average is $534.71 and its 200 day moving average is $620.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The firm has a market cap of $77.25 billion, a P/E ratio of 17.28, a P/E/G ratio of 3.51 and a beta of -0.10. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00.

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

Northrop Grumman Increases Dividend

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

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.