Grantham Mayo Van Otterloo & Co. LLC Acquires 12,928 Shares of Northrop Grumman Corporation $NOC

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 277.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,583 shares of the aerospace company’s stock after buying an additional 12,928 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Northrop Grumman were worth $10,714,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NOC. Brighton Jones LLC raised its holdings in shares of Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC boosted its stake in Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares during the last quarter. Woodline Partners LP increased its holdings in Northrop Grumman by 367.7% during 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. AE Wealth Management LLC increased its holdings in Northrop Grumman by 50.7% during the 2nd quarter. AE Wealth Management LLC now owns 2,456 shares of the aerospace company’s stock worth $1,228,000 after purchasing an additional 826 shares in the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of Northrop Grumman by 575.3% in the second quarter. Prospera Financial Services Inc now owns 8,664 shares of the aerospace company’s stock worth $4,336,000 after purchasing an additional 7,381 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Argus set a $785.00 target price on Northrop Grumman in a report on Tuesday, February 10th. Truist Financial reissued a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a research report on Friday, January 9th. Citigroup raised their price objective on Northrop Grumman from $715.00 to $781.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. UBS Group lifted their price objective on shares of Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Jefferies Financial Group upped their target price on shares of Northrop Grumman from $630.00 to $690.00 and gave the stock a “hold” rating in a research note on Sunday, February 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and a consensus target price of $693.60.

Insider Buying and Selling

In related news, CEO Kathy J. Warden sold 20,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the sale, the chief executive officer owned 171,602 shares of the company’s stock, valued at approximately $121,634,929.64. This represents a 10.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Welsh III sold 95 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $684.52, for a total value of $65,029.40. Following the completion of the transaction, the director owned 4,203 shares of the company’s stock, valued at approximately $2,877,037.56. This represents a 2.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,431 shares of company stock worth $21,969,404. Company insiders own 0.23% of the company’s stock.

Northrop Grumman Stock Down 1.2%

NOC opened at $747.10 on Tuesday. Northrop Grumman Corporation has a 12 month low of $450.13 and a 12 month high of $774.00. The company has a market cap of $106.03 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 5.62 and a beta of 0.03. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The company has a 50 day moving average of $678.79 and a 200 day moving average of $615.73.

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

Northrop Grumman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 23rd will be paid a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, February 23rd. Northrop Grumman’s payout ratio is presently 31.72%.

About Northrop Grumman

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.