QRG Capital Management Inc. Boosts Position in Northrop Grumman Corporation $NOC

QRG Capital Management Inc. grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 35.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,689 shares of the aerospace company’s stock after buying an additional 1,479 shares during the period. QRG Capital Management Inc.’s holdings in Northrop Grumman were worth $3,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Northrop Grumman by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after acquiring an additional 209,135 shares in the last quarter. Capital World Investors raised its holdings in Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after purchasing an additional 970,029 shares in the last quarter. Geode Capital Management LLC raised its holdings in Northrop Grumman by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after purchasing an additional 17,948 shares in the last quarter. Franklin Resources Inc. raised its holdings in Northrop Grumman by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after purchasing an additional 128,855 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Northrop Grumman by 3.9% in the 4th quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after purchasing an additional 62,817 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.2%

NYSE:NOC opened at $547.81 on Monday. The firm’s 50-day moving average price is $544.85 and its 200-day moving average price is $626.92. The company has a market capitalization of $77.81 billion, a PE ratio of 17.15, a P/E/G ratio of 3.74 and a beta of -0.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. Northrop Grumman Corporation has a 1-year low of $493.84 and a 1-year 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, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same period last year, the business earned $6.06 EPS. Northrop Grumman’s quarterly revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts predict that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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

Trending Headlines about Northrop Grumman

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

• Positive Sentiment: Northrop Grumman won a roughly $312.34 million contract modification to keep producing Surface Electronic Warfare Improvement Program (SEWIP) Block 3 systems for the U.S. Navy, extending work through August 2029 and reinforcing multi-year revenue visibility. Article Title
• Positive Sentiment: Additional coverage highlighted the award as evidence of strong demand for advanced electronic warfare and mission-critical defense technology, which supports the bullish case for NOC’s order pipeline. Article Title
• Positive Sentiment: Analysts and market commentary also pointed to Northrop Grumman’s recent contract wins in space, propulsion, and missile systems, plus its reaffirmed 2026 outlook and upcoming July 21 earnings date, as reasons investors are rotating into the stock. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NOC shares. Wells Fargo & Company started 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. Weiss Ratings lowered shares of Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Morgan Stanley cut their price objective 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. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Finally, Jefferies Financial Group decreased their target price on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $698.37.

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.