MUFG Securities EMEA plc Acquires 75,924 Shares of Northrop Grumman Corporation $NOC

MUFG Securities EMEA plc grew its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 2,947.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,500 shares of the aerospace company’s stock after purchasing an additional 75,924 shares during the quarter. MUFG Securities EMEA plc’s holdings in Northrop Grumman were worth $44,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bearing Point Capital LLC boosted its position in Northrop Grumman by 10.3% during the fourth quarter. Bearing Point Capital LLC now owns 9,816 shares of the aerospace company’s stock worth $5,597,000 after purchasing an additional 919 shares during the period. Texas Yale Capital Corp. boosted its position in Northrop Grumman by 22.2% during the fourth quarter. Texas Yale Capital Corp. now owns 770 shares of the aerospace company’s stock worth $439,000 after purchasing an additional 140 shares during the period. Sfmg LLC boosted its position in Northrop Grumman by 23.2% during the fourth quarter. Sfmg LLC now owns 977 shares of the aerospace company’s stock worth $557,000 after purchasing an additional 184 shares during the period. Madison Wealth Partners Inc boosted its position in Northrop Grumman by 5.0% during the fourth quarter. Madison Wealth Partners Inc now owns 437 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 21 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in Northrop Grumman during the fourth quarter worth about $60,063,000. Institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the subject of a number of research reports. Jefferies Financial Group cut their target price 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. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective for the company. Morgan Stanley cut 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. 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. Finally, Argus set a $785.00 price objective on shares of Northrop Grumman in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $702.63.

Northrop Grumman Price Performance

NOC stock opened at $562.67 on Friday. The firm has a 50 day moving average of $619.26 and a 200-day moving average 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 Corporation has a 12 month low of $468.50 and a 12 month high of $774.00. The firm has a market capitalization of $79.92 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 3.84 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates 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 earnings per share. Northrop Grumman’s 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. As a group, sell-side analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently announced 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. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Northrop Grumman’s payout ratio is 28.92%.

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.