Deutsche Bank AG Purchases New Stake in Northrop Grumman Corporation $NOC

Deutsche Bank AG acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOCFree Report) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 381,021 shares of the aerospace company’s stock, valued at approximately $194,058,000.

Several other large investors have also recently bought and sold shares of NOC. Capital World Investors boosted its stake in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Northrop Grumman during the second quarter worth $376,135,000. J. Stern & Co. LLP raised its holdings in Northrop Grumman by 56,920.9% during the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after purchasing an additional 421,215 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Northrop Grumman during the second quarter worth $180,057,000. Finally, Jennison Associates LLC grew its holdings in Northrop Grumman by 272.8% in the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after purchasing an additional 293,909 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the subject of several research reports. BTIG Research reaffirmed a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Susquehanna reduced their target price on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, Jefferies Financial Group reduced their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $659.30.

Check Out Our Latest Analysis on Northrop Grumman

Northrop Grumman Stock Performance

NYSE NOC opened at $589.95 on Wednesday. The business’s 50-day moving average price is $540.34 and its 200 day moving average price is $612.15. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The company has a market capitalization of $83.79 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOCGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business earned $8.15 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman News Summary

Here are the key news stories impacting Northrop Grumman this week:

Insider Transactions at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NOC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northrop Grumman Corporation (NYSE:NOCFree Report).

Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

Receive News & Ratings for Northrop Grumman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northrop Grumman and related companies with MarketBeat.com's FREE daily email newsletter.