Intellectus Partners LLC Grows Stock Position in Northrop Grumman Corporation $NOC

Intellectus Partners LLC boosted its position in Northrop Grumman Corporation (NYSE:NOC) by 162.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,285 shares of the aerospace company’s stock after purchasing an additional 2,035 shares during the period. Intellectus Partners LLC’s holdings in Northrop Grumman were worth $1,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Financial Life Planners purchased a new stake in Northrop Grumman in the third quarter worth $27,000. Torren Management LLC purchased a new stake in Northrop Grumman in the fourth quarter worth $26,000. Physician Wealth Advisors Inc. increased its position in Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after buying an additional 32 shares during the last quarter. Hopwood Financial Services Inc. purchased a new stake in Northrop Grumman in the third quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman in the fourth quarter worth $29,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

Shares of NOC opened at $527.19 on Thursday. The company has a market cap of $74.88 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 3.66 and a beta of -0.12. 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 50-day moving average price of $609.30 and a 200-day moving average price of $631.77. Northrop Grumman Corporation has a 12-month low of $472.02 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) 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 firm had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the company posted $6.06 EPS. The company’s revenue for the quarter 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 forecast that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be given a dividend of $2.47 per share. 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 annualized dividend and a dividend yield of 1.9%. Northrop Grumman’s dividend payout ratio is currently 30.92%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NOC. Jefferies Financial Group decreased their target price on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Wells Fargo & Company started coverage on Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price target for the company. BTIG Research reaffirmed a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Morgan Stanley cut their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Argus set a $785.00 price target on Northrop Grumman in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average target price of $702.63.

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.