Forum Financial Management LP Cuts Stock Position in Northrop Grumman Corporation $NOC

Forum Financial Management LP cut its position in Northrop Grumman Corporation (NYSE:NOC) by 63.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 769 shares of the aerospace company’s stock after selling 1,356 shares during the quarter. Forum Financial Management LP’s holdings in Northrop Grumman were worth $525,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. New York State Teachers Retirement System grew its stake in Northrop Grumman by 9.7% during the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock worth $63,822,000 after buying an additional 9,924 shares during the last quarter. Nordea Investment Management AB purchased a new position in Northrop Grumman during the 4th quarter worth $1,987,000. Geode Capital Management LLC increased its position in Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after buying an additional 17,948 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Northrop Grumman by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 158,958 shares of the aerospace company’s stock valued at $90,639,000 after buying an additional 2,025 shares during the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Trading Up 2.6%

NYSE NOC opened at $508.69 on Wednesday. Northrop Grumman Corporation has a 1 year low of $489.52 and a 1 year high of $774.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The company has a market capitalization of $72.25 billion, a PE ratio of 15.92, a P/E/G ratio of 3.38 and a beta of -0.12. The company has a fifty day moving average of $549.66 and a 200 day moving average of $627.55.

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

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a yield of 1.9%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio is 30.92%.

Analyst Ratings Changes

Several brokerages have weighed in on NOC. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective for the company. Jefferies Financial Group lowered their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. UBS Group dropped their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Finally, BTIG Research restated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $700.53.

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.