Thrivent Financial for Lutherans Buys 1,078 Shares of Northrop Grumman Corporation $NOC

Thrivent Financial for Lutherans increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,956 shares of the aerospace company’s stock after acquiring an additional 1,078 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Northrop Grumman were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners bought a new position in Northrop Grumman during the 3rd quarter worth approximately $27,000. Torren Management LLC bought a new position in Northrop Grumman during the 4th quarter worth approximately $26,000. Physician Wealth Advisors Inc. grew its position in Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 32 shares during the last quarter. Hopwood Financial Services Inc. bought a new position in Northrop Grumman during the 3rd quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Northrop Grumman during the 4th quarter worth approximately $29,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NOC. Jefferies Financial Group set a $660.00 price target on Northrop Grumman in a research report on Sunday, April 26th. Royal Bank Of Canada raised their price target on Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Wells Fargo & Company initiated coverage on Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target on the stock. TD Cowen reiterated a “hold” rating on shares of Northrop Grumman in a research report on Wednesday, January 28th. Finally, UBS Group cut their price objective on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and a consensus target price of $704.74.

Northrop Grumman Price Performance

Shares of NOC stock opened at $556.01 on Friday. The firm has a market cap of $78.97 billion, a P/E ratio of 17.40, a P/E/G ratio of 3.76 and a beta of -0.11. Northrop Grumman Corporation has a fifty-two week low of $468.29 and a fifty-two week high of $774.00. The business’s 50 day moving average price is $636.59 and its 200-day moving average price is $632.39. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts anticipate that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be paid a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) 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.