Lord Abbett & CO. LLC Sells 35,048 Shares of Northrop Grumman Corporation $NOC

Lord Abbett & CO. LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,799 shares of the aerospace company’s stock after selling 35,048 shares during the period. Lord Abbett & CO. LLC owned 0.21% of Northrop Grumman worth $172,089,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC bought a new position in Northrop Grumman in the 4th quarter worth about $26,000. Financial Life Planners bought a new position in Northrop Grumman in the 3rd quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman during the fourth quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Northrop Grumman during the third quarter valued at approximately $32,000. Finally, Wexford Capital LP bought a new position in shares of Northrop Grumman during the third quarter valued at approximately $33,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NOC. UBS Group dropped their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Morgan Stanley dropped their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, BTIG Research reiterated a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $702.63.

Northrop Grumman Trading Down 0.6%

NYSE:NOC opened at $549.42 on Friday. Northrop Grumman Corporation has a 52 week low of $481.28 and a 52 week high of $774.00. The firm has a 50 day moving average of $589.86 and a 200 day moving average of $630.38. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $78.03 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 3.77 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last posted its 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. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the prior year, the company posted $6.06 earnings per share. Northrop Grumman’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

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

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.