J. Stern & Co. LLP Purchases 421,215 Shares of Northrop Grumman Corporation $NOC

J. Stern & Co. LLP lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 56,920.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,955 shares of the aerospace company’s stock after acquiring an additional 421,215 shares during the quarter. J. Stern & Co. LLP owned 0.30% of Northrop Grumman worth $240,603,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Northrop Grumman in the 3rd quarter worth about $27,000. Torren Management LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth about $26,000. Karpus Management Inc. purchased a new position in Northrop Grumman in the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Northrop Grumman in the 4th quarter worth about $29,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Northrop Grumman in the 3rd quarter worth about $32,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 1.3%

NYSE NOC opened at $551.67 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The company has a market capitalization of $78.35 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 3.72 and a beta of -0.12. The company’s 50-day simple moving average is $583.62 and its two-hundred day simple moving average is $630.55. Northrop Grumman Corporation has a one year low of $481.28 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced 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 is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s payout ratio is 30.92%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Jefferies Financial Group reduced their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. UBS Group reduced their price target on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Citigroup reduced their price target on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $702.63.

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.