Northrop Grumman Corporation $NOC Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 13.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,318 shares of the aerospace company’s stock after buying an additional 2,644 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Northrop Grumman were worth $13,599,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in shares of Northrop Grumman during the 2nd quarter worth approximately $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Northrop Grumman in the second quarter worth $31,000. NewSquare Capital LLC lifted its stake in Northrop Grumman by 75.0% in the second quarter. NewSquare Capital LLC now owns 63 shares of the aerospace company’s stock valued at $31,000 after buying an additional 27 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Northrop Grumman during the third quarter valued at $42,000. Finally, AlphaQuest LLC grew its position in shares of Northrop Grumman by 29.2% during the second quarter. AlphaQuest LLC now owns 93 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a research report on Monday, January 12th. BTIG Research boosted their price objective on Northrop Grumman from $680.00 to $815.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group increased their price objective on Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna reaffirmed a “positive” rating and set a $752.00 target price on shares of Northrop Grumman in a research note on Thursday, January 15th. Finally, TD Cowen reissued a “hold” rating on shares of Northrop Grumman in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and an average price target of $688.72.

Northrop Grumman Stock Performance

NOC opened at $692.54 on Friday. The company has a market capitalization of $98.28 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 5.09 and a beta of 0.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.10 and a quick ratio of 0.98. Northrop Grumman Corporation has a 1-year low of $426.24 and a 1-year high of $705.45. The business has a 50 day moving average price of $599.59 and a two-hundred day moving average price of $588.40.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.97 by $0.26. The company had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts predict that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

Insider Transactions at Northrop Grumman

In other news, CEO Kathy J. Warden sold 3,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 191,602 shares in the company, valued at approximately $117,835,230. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Welsh III sold 97 shares of Northrop Grumman stock in a transaction that occurred 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 directly owned 4,281 shares in the company, valued at $2,414,826.48. This represents a 2.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,097 shares of company stock valued at $6,099,716 over the last three months. 0.23% of the stock is owned by corporate 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.