National Pension Service Acquires 6,364 Shares of Northrop Grumman Corporation $NOC

National Pension Service raised its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,037 shares of the aerospace company’s stock after buying an additional 6,364 shares during the quarter. National Pension Service’s holdings in Northrop Grumman were worth $233,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Soundwatch Capital LLC bought a new stake in Northrop Grumman during the second quarter valued at approximately $6,457,274,000. Mawer Investment Management Ltd. purchased a new stake in shares of Northrop Grumman during the 2nd quarter valued at $491,985,000. Franklin Resources Inc. lifted its holdings in shares of Northrop Grumman by 11.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock worth $1,466,472,000 after acquiring an additional 308,680 shares during the last quarter. Bank of New York Mellon Corp grew its position in Northrop Grumman by 26.7% in the third quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after acquiring an additional 221,431 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in Northrop Grumman by 49,898.2% in the second quarter. Laurel Wealth Advisors LLC now owns 169,494 shares of the aerospace company’s stock valued at $84,744,000 after acquiring an additional 169,155 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Northrop Grumman stock opened at $692.54 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.98 and a debt-to-equity ratio of 0.91. The firm has a market cap of $98.28 billion, a P/E ratio of 23.77, a P/E/G ratio of 5.09 and a beta of 0.05. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $705.45. The firm has a 50-day moving average of $599.59 and a 200-day moving average of $588.90.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The business had revenue of $11.71 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the company posted $6.39 EPS. Northrop Grumman’s quarterly revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current year.

Northrop Grumman Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Monday, December 1st were paid a $2.31 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $9.24 dividend on an annualized basis and a yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Susquehanna reiterated a “positive” rating and issued a $752.00 price objective on shares of Northrop Grumman in a report on Thursday, January 15th. Truist Financial reiterated a “hold” rating and set a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research report on Friday, January 9th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a report on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on shares of Northrop Grumman from $575.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, UBS Group raised their price objective on Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus price target of $688.72.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CEO Kathy J. Warden sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $615.00, for a total transaction of $1,845,000.00. Following the transaction, the chief executive officer directly owned 191,602 shares of the company’s stock, valued at approximately $117,835,230. The trade was a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Welsh III sold 97 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $564.08, for a total transaction of $54,715.76. Following the completion of the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 10,097 shares of company stock worth $6,099,716. 0.23% of the stock is currently owned by company insiders.

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.