Headlands Technologies LLC Purchases New Position in Northrop Grumman Corporation $NOC

Headlands Technologies LLC purchased a new stake in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, Holdings Channel reports. The firm purchased 3,214 shares of the aerospace company’s stock, valued at approximately $1,637,000.

Other hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC increased its position in shares of Northrop Grumman by 4.4% during the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 15 shares in the last quarter. Evolution Wealth Management Inc. boosted its holdings in shares of Northrop Grumman by 6.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after acquiring an additional 15 shares in the last quarter. Diversified Portfolios Inc. grew its position in Northrop Grumman by 0.9% during the 4th quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock worth $1,020,000 after acquiring an additional 16 shares during the last quarter. South Plains Financial Inc. grew its position in Northrop Grumman by 1.8% during the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock worth $511,000 after acquiring an additional 16 shares during the last quarter. Finally, Tobias Financial Advisors Inc. increased its holdings in Northrop Grumman by 4.7% during the 4th quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company’s stock valued at $216,000 after purchasing an additional 17 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 1.1%

Shares of NOC opened at $539.79 on Tuesday. The stock’s fifty day simple moving average is $542.99 and its 200-day simple moving average is $603.09. The firm has a market capitalization of $76.67 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 3.53 and a beta of -0.11. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81.

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

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be paid a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s payout ratio is 31.39%.

Wall Street Analyst Weigh In

NOC has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research note on Wednesday, July 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a report on Wednesday, August 5th. UBS Group upped their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group lowered their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target of $661.30.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

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.