Northrop Grumman Corporation $NOC Shares Bought by Focus Partners Wealth

Focus Partners Wealth raised its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,660 shares of the aerospace company’s stock after buying an additional 8,706 shares during the period. Focus Partners Wealth’s holdings in Northrop Grumman were worth $66,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Northrop Grumman by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after buying an additional 209,135 shares during the period. Nkcfo LLC purchased a new position in shares of Northrop Grumman during the third quarter worth $2,986,000. New York State Teachers Retirement System boosted its position in shares of Northrop Grumman by 9.7% during the fourth 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 period. Nordea Investment Management AB purchased a new position in shares of Northrop Grumman during the fourth quarter worth $1,987,000. Finally, Principal Financial Group Inc. boosted its position in shares of Northrop Grumman by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 158,958 shares of the aerospace company’s stock worth $90,639,000 after buying an additional 2,025 shares during the period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 1.1%

Shares of NYSE NOC opened at $544.08 on Tuesday. Northrop Grumman Corporation has a 12-month low of $481.28 and a 12-month high of $774.00. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. The stock has a market cap of $77.28 billion, a P/E ratio of 17.03, a PEG ratio of 3.75 and a beta of -0.12. The business’s fifty day simple moving average is $586.66 and its 200-day simple moving average is $630.66.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period last year, the firm earned $6.06 earnings per share. Northrop Grumman’s quarterly revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NOC shares. UBS Group reduced their price objective on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Wells Fargo & Company started coverage on Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective on the stock. Citigroup reduced their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research note on Monday. Finally, Morgan Stanley reduced their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $702.63.

Northrop Grumman 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.