Orser Capital Management LLC Acquires New Position in Northrop Grumman Corporation $NOC

Orser Capital Management LLC acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,050 shares of the aerospace company’s stock, valued at approximately $535,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after acquiring an additional 1,895 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 32 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Northrop Grumman by 367.7% in the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after purchasing an additional 1,978 shares in the last quarter. AXA S.A. raised its stake in shares of Northrop Grumman by 1,487.8% in the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after purchasing an additional 15,309 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock valued at $4,432,000 after purchasing an additional 553 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction 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 transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jefferies Financial Group dropped their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Wells Fargo & Company restated an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Citigroup dropped their price target on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $615.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.30.

Northrop Grumman Stock Up 1.9%

NOC stock opened at $568.12 on Friday. The company has a market cap of $80.69 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 3.61 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The business’s 50-day moving average is $534.72 and its two-hundred day moving average is $617.32. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the company posted $8.15 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current 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 issued a dividend of $2.47 per share. 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 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio is currently 31.39%.

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.