6,499 Shares in Northrop Grumman Corporation $NOC Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 6,499 shares of the aerospace company’s stock, valued at approximately $3,308,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of Northrop Grumman during the first quarter worth approximately $30,000. Karpus Management Inc. acquired a new stake in Northrop Grumman in the 4th quarter valued at $26,000. Whipplewood Advisors LLC grew its position in Northrop Grumman by 380.0% in the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 38 shares during the period. Motiv8 Investments LLC bought a new stake in Northrop Grumman during the 4th quarter valued at $30,000. Finally, EFG International AG acquired a new position in Northrop Grumman during the fourth quarter worth $31,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $532.40 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $75.62 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 3.49 and a beta of -0.11. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The business’s 50 day simple moving average is $543.37 and its 200 day simple moving average is $602.06.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. Northrop Grumman’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be paid a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

Analysts Set New Price Targets

A number of research analysts have weighed in on NOC shares. JPMorgan Chase & Co. dropped their price objective on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating on the stock in a research note on Thursday, July 23rd. Jefferies Financial Group lowered their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Weiss Ratings raised shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. UBS Group lifted their price target on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group decreased their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $661.30.

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.