Resona Asset Management Co. Ltd. Raises Stock Holdings in Northrop Grumman Corporation $NOC

Resona Asset Management Co. Ltd. raised its holdings in Northrop Grumman Corporation (NYSE:NOC) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,767 shares of the aerospace company’s stock after purchasing an additional 1,090 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Northrop Grumman were worth $34,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its position in Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the period. Bison Wealth LLC grew its position in shares of Northrop Grumman by 5.3% in the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares during the period. Woodline Partners LP grew its position in shares of Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after purchasing an additional 1,978 shares during the period. AXA S.A. increased its stake in shares of Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after purchasing an additional 15,309 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after purchasing an additional 553 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NOC has been the topic of a number of research reports. Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Citigroup cut their price objective on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Morgan Stanley decreased their target price on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. One investment 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $688.89.

Northrop Grumman Stock Performance

NYSE:NOC opened at $544.02 on Thursday. The company has a market cap of $77.27 billion, a P/E ratio of 17.03, a P/E/G ratio of 3.74 and a beta of -0.10. Northrop Grumman Corporation has a twelve month low of $493.84 and a twelve month high of $774.00. The company’s 50-day moving average price is $542.88 and its 200-day moving average price is $626.56. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84.

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

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were given a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is currently 30.92%.

Key Stories Impacting Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: NATO allies plan to acquire up to five Northrop Grumman MQ-4C Triton drones, with Norway, Finland, Germany and Denmark among the participating countries, highlighting new international demand for the company’s surveillance systems. Northrop Grumman (NOC) Wins NATO Backing For Up To Five Triton Drones
• Positive Sentiment: Northrop Grumman was also named as a top pick in billionaire Jeffrey Talpins’ filings, adding investor attention and signaling confidence in the defense contractor’s long-term prospects. Northrop Grumman Corporation (NOC) Is A Top Pick In Billionaire Talpins’ Filings
• Neutral Sentiment: Recent commentary says Northrop Grumman looks fairly priced after its strong multi-year run, suggesting the stock may have less obvious upside from valuation alone even as defense demand remains supportive. Northrop Grumman (NOC) Stock Looks Fairly Priced Following A 62% Run
• Neutral Sentiment: Analyst updates have also pointed to cost and capital spending pressures, which may keep some investors cautious despite the company’s strong defense backlog and contract opportunities. Northrop Grumman (NOC) After Talpins Interest And Cost Concerns, Bargain Or Fairly Valued?
• Negative Sentiment: Some recent coverage suggests Northrop Grumman’s valuation is no longer deeply discounted, which could limit near-term upside if investors focus more on execution and margin pressures than on new contract wins. Northrop Grumman: Trump’s Betting On A More Dangerous World

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.