Citizens Financial Group Inc. RI Reduces Stock Position in Northrop Grumman Corporation $NOC

Citizens Financial Group Inc. RI cut its holdings in Northrop Grumman Corporation (NYSE:NOC) by 19.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 12,577 shares of the aerospace company’s stock after selling 3,006 shares during the period. Citizens Financial Group Inc. RI’s holdings in Northrop Grumman were worth $8,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NOC. Midwest Trust Co boosted its position in shares of Northrop Grumman by 1.3% in the first quarter. Midwest Trust Co now owns 76,035 shares of the aerospace company’s stock valued at $51,874,000 after acquiring an additional 959 shares during the period. Fifth Third Bancorp grew its position in shares of Northrop Grumman by 158.9% during the 1st quarter. Fifth Third Bancorp now owns 47,348 shares of the aerospace company’s stock valued at $32,303,000 after purchasing an additional 29,062 shares in the last quarter. Glass Wealth Management Co LLC increased its holdings in shares of Northrop Grumman by 2.4% in the first quarter. Glass Wealth Management Co LLC now owns 9,344 shares of the aerospace company’s stock worth $6,375,000 after purchasing an additional 222 shares during the period. Sovran Advisors LLC raised its position in shares of Northrop Grumman by 17.1% in the first quarter. Sovran Advisors LLC now owns 473 shares of the aerospace company’s stock worth $323,000 after buying an additional 69 shares in the last quarter. Finally, Simplicity Wealth LLC raised its position in shares of Northrop Grumman by 6.9% in the first quarter. Simplicity Wealth LLC now owns 1,566 shares of the aerospace company’s stock worth $1,068,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $539.49 on Monday. The company has a market capitalization of $76.62 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 3.65 and a beta of -0.10. The business has a 50 day moving average of $541.29 and a 200 day moving average of $625.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. Northrop Grumman Corporation has a 1-year low of $493.84 and a 1-year high of $774.00.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 27.95 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s payout ratio is presently 30.92%.

Trending Headlines about Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: NATO’s plan to acquire up to five Northrop Grumman MQ-4C Triton drones reinforces demand for the company’s surveillance and maritime security platforms, a potential tailwind for future revenue. Northrop Grumman (NOC) Wins NATO Backing For Up To Five Triton Drones
• Positive Sentiment: Analysts continue to view Northrop Grumman as reasonably attractive, with a consensus rating of “Moderate Buy,” which can help support investor confidence ahead of the next earnings report. Northrop Grumman Corporation (NYSE:NOC) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Northrop is positioned to beat earnings estimates again, citing its history of topping expectations and favorable setup for the upcoming quarterly report. Why Northrop Grumman (NOC) is Poised to Beat Earnings Estimates Again
• Neutral Sentiment: Market commentary and valuation-focused pieces suggest the stock may be fairly priced after a strong multi-year run, which could limit upside unless earnings or contract growth surprise to the upside. Northrop Grumman (NOC) Stock Looks Fairly Priced Following A 62% Run
• Negative Sentiment: Some recent commentary highlights cost and capital spending concerns, which could weigh on margins if defense program execution becomes more expensive. Northrop Grumman (NOC) After Talpins Interest And Cost Concerns, Bargain Or Fairly Valued?

Analyst Ratings Changes

NOC has been the subject of several recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a research report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Morgan Stanley cut their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings downgraded shares of Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.89.

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.