Harbour Investments Inc. Acquires 5,887 Shares of Northrop Grumman Corporation $NOC

Harbour Investments Inc. grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 228.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,463 shares of the aerospace company’s stock after acquiring an additional 5,887 shares during the period. Harbour Investments Inc.’s holdings in Northrop Grumman were worth $4,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Torren Management LLC bought a new stake in shares of Northrop Grumman during the 4th quarter valued at $26,000. Financial Life Planners purchased a new position in shares of Northrop Grumman during the 3rd quarter valued at $27,000. Physician Wealth Advisors Inc. lifted its stake in shares of Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after buying an additional 32 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at $29,000. Finally, Hopwood Financial Services Inc. purchased a new position in shares of Northrop Grumman during the 3rd quarter valued at $30,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.4%

Shares of NOC stock opened at $557.96 on Wednesday. The stock has a market cap of $79.25 billion, a P/E ratio of 17.46, a PEG ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a 52 week low of $468.50 and a 52 week high of $774.00. 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 company’s fifty day simple moving average is $629.49 and its two-hundred day simple moving average is $632.56.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping the consensus estimate of $6.06 by $0.08. The business had revenue of $9.88 billion for 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%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be issued a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date 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 presently 28.92%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Northrop Grumman from $685.00 to $750.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. UBS Group lowered their target price 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. TD Cowen restated a “hold” rating on shares of Northrop Grumman in a research note on Wednesday, January 28th. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of Northrop Grumman from $715.00 to $750.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.