105,333 Shares in Northrop Grumman Corporation $NOC Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, HoldingsChannel reports. The firm bought 105,333 shares of the aerospace company’s stock, valued at approximately $60,063,000.

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

Wall Street Analysts Forecast Growth

NOC has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. UBS Group lowered their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Jefferies Financial Group lowered their price objective on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday. Argus set a $785.00 price objective on shares of Northrop Grumman in a research report on Tuesday, February 10th. Finally, Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $562.67 on Friday. The firm has a market capitalization of $79.92 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 3.81 and a beta of -0.11. Northrop Grumman Corporation has a 12-month low of $468.50 and a 12-month high of $774.00. The firm has a 50-day moving average price of $619.26 and a 200-day moving average price of $631.86. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84.

Northrop Grumman (NYSE:NOC) last posted 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 company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be paid a $2.47 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 28.92%.

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.