Focus Partners Advisor Solutions LLC Cuts Holdings in Northrop Grumman Corporation $NOC

Focus Partners Advisor Solutions LLC lessened its stake in Northrop Grumman Corporation (NYSE:NOC) by 38.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,652 shares of the aerospace company’s stock after selling 2,286 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Northrop Grumman were worth $2,083,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Kestra Investment Management LLC raised its holdings in shares of Northrop Grumman by 4.4% during the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after buying an additional 15 shares in the last quarter. Evolution Wealth Management Inc. raised its holdings in shares of Northrop Grumman by 6.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after buying an additional 15 shares in the last quarter. Howard Financial Services LTD. raised its holdings in shares of Northrop Grumman by 1.4% during the 4th quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock valued at $651,000 after buying an additional 16 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings in shares of Northrop Grumman by 0.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock valued at $1,125,000 after buying an additional 16 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Northrop Grumman by 0.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock valued at $2,288,000 after buying an additional 16 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NOC. BTIG Research reissued a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. Morgan Stanley decreased their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings cut Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Citigroup decreased their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Jefferies Financial Group cut their price target 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, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Trading Down 1.1%

Shares of NOC opened at $542.55 on Thursday. The stock has a market capitalization of $77.06 billion, a P/E ratio of 16.98, a PEG ratio of 3.74 and a beta of -0.12. Northrop Grumman Corporation has a twelve month low of $472.02 and a twelve month high of $774.00. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $595.41 and a two-hundred day simple moving average of $631.06.

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

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a dividend of $2.47 per share. 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. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is currently 30.92%.

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.