Grantham Mayo Van Otterloo & Co. LLC Purchases 12,928 Shares of Northrop Grumman Corporation $NOC

Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 277.7% in the third quarter, Holdings Channel reports. The firm owned 17,583 shares of the aerospace company’s stock after purchasing an additional 12,928 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Northrop Grumman were worth $10,714,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. increased its holdings in shares of Northrop Grumman by 120.9% in the third quarter. Ameriflex Group Inc. now owns 1,350 shares of the aerospace company’s stock worth $823,000 after purchasing an additional 739 shares during the period. Angeles Wealth Management LLC boosted its stake in Northrop Grumman by 15.8% during the third quarter. Angeles Wealth Management LLC now owns 660 shares of the aerospace company’s stock valued at $402,000 after buying an additional 90 shares during the period. HUB Investment Partners LLC grew its position in Northrop Grumman by 15.2% during the third quarter. HUB Investment Partners LLC now owns 1,936 shares of the aerospace company’s stock worth $1,179,000 after buying an additional 256 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Northrop Grumman by 6.4% during the third quarter. Aptus Capital Advisors LLC now owns 48,098 shares of the aerospace company’s stock worth $29,307,000 after buying an additional 2,884 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC increased its stake in Northrop Grumman by 46.3% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 1,788 shares of the aerospace company’s stock worth $1,089,000 after acquiring an additional 566 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 1.2%

Shares of NOC stock opened at $747.10 on Tuesday. The business has a 50-day moving average price of $678.79 and a two-hundred day moving average price of $615.73. Northrop Grumman Corporation has a 12-month low of $450.13 and a 12-month high of $774.00. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. The firm has a market cap of $106.03 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 5.62 and a beta of 0.03.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating the consensus estimate of $6.97 by $0.26. The firm had revenue of $11.71 billion for the quarter, compared to analyst estimates of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Monday, February 23rd will be given a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

Analysts Set New Price Targets

NOC has been the topic of several recent analyst reports. BTIG Research raised their price target on Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. BNP Paribas Exane initiated coverage on Northrop Grumman in a report on Tuesday, November 18th. They set an “outperform” rating and a $710.00 price objective for the company. UBS Group upped their price objective on shares of Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Susquehanna reiterated a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research report on Thursday, January 15th. Finally, Argus set a $785.00 price target on shares of Northrop Grumman in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $693.60.

Insider Buying and Selling at Northrop Grumman

In other news, CAO Michael A. Hardesty sold 147 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the sale, the chief accounting officer owned 2,525 shares of the company’s stock, valued at approximately $1,850,774.50. This represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kathy J. Warden sold 20,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the transaction, the chief executive officer directly owned 171,602 shares in the company, valued at approximately $121,634,929.64. This represents a 10.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 32,431 shares of company stock valued at $21,969,404. 0.23% of the stock is owned by insiders.

Northrop Grumman Company 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.