Citizens Financial Group Inc. RI Acquires Shares of 11,877 Northrop Grumman Corporation $NOC

Citizens Financial Group Inc. RI acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,877 shares of the aerospace company’s stock, valued at approximately $6,049,000.

Other institutional investors have also made changes to their positions in the company. Texas Capital Bank Wealth Management Services Inc bought a new stake in Northrop Grumman in the 2nd quarter valued at $300,000. Pavion Blue Capital LLC acquired a new stake in Northrop Grumman during the 2nd quarter valued at $987,000. Nuance Investments LLC bought a new position in Northrop Grumman during the second quarter worth $4,642,000. Auxano Advisors LLC bought a new position in Northrop Grumman during the second quarter worth $475,000. Finally, Argyle Capital Partners LLC acquired a new position in shares of Northrop Grumman in the second quarter valued at $654,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NOC has been the topic of several research analyst reports. Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a report on Wednesday, July 15th. Jefferies Financial Group lowered their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. 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 presently has an average rating of “Moderate Buy” and an average price target of $659.30.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 owned by corporate insiders.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $570.59 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $81.04 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The company has a 50-day simple moving average of $539.49 and a two-hundred day simple moving average of $612.84.

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

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.