LPL Financial LLC Boosts Stock Position in Northrop Grumman Corporation $NOC

LPL Financial LLC lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 322,323 shares of the aerospace company’s stock after buying an additional 8,978 shares during the quarter. LPL Financial LLC’s holdings in Northrop Grumman were worth $183,792,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Torren Management LLC purchased a new stake in Northrop Grumman during the 4th quarter worth about $26,000. Financial Life Planners purchased a new stake in Northrop Grumman during the 3rd quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman during the 4th quarter worth about $29,000. Hopwood Financial Services Inc. purchased a new stake in Northrop Grumman during the 3rd quarter worth about $30,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Northrop Grumman during the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NOC. Weiss Ratings downgraded Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup cut their price target on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company began coverage on Northrop Grumman in a report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target on the stock. Finally, Argus set a $785.00 price target on Northrop Grumman in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Trading Up 1.2%

NOC opened at $547.45 on Wednesday. Northrop Grumman Corporation has a one year low of $472.02 and a one year high of $774.00. The company has a market cap of $77.75 billion, a P/E ratio of 17.13, a PEG ratio of 3.69 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The business’s 50-day simple moving average is $597.96 and its 200-day simple moving average is $631.24.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data 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 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 business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts expect that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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

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.