Capital International Investors Sells 285,856 Shares of Northrop Grumman Corporation $NOC

Capital International Investors trimmed its holdings in Northrop Grumman Corporation (NYSE:NOC) by 2.4% in the fourth quarter, HoldingsChannel reports. The fund owned 11,477,634 shares of the aerospace company’s stock after selling 285,856 shares during the period. Northrop Grumman makes up 1.0% of Capital International Investors’ investment portfolio, making the stock its 22nd biggest position. Capital International Investors owned approximately 0.08% of Northrop Grumman worth $6,545,463,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NOC. Torren Management LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $26,000. Financial Life Planners bought a new stake in shares of Northrop Grumman in the 3rd quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $29,000. Hopwood Financial Services Inc. bought a new stake in shares of Northrop Grumman in the 3rd quarter worth approximately $30,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Northrop Grumman in the 3rd quarter worth approximately $32,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Down 0.1%

Shares of Northrop Grumman stock opened at $544.73 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.04 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. The company 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 12-month low of $472.02 and a 12-month high of $774.00.

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

Northrop Grumman Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Argus set a $785.00 price target on shares of Northrop Grumman in a report on Tuesday, February 10th. UBS Group lowered their price target on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered 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 assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $702.63.

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.