JLB & Associates Inc. Takes $15.21 Million Position in Northrop Grumman Corporation $NOC

JLB & Associates Inc. acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,857 shares of the aerospace company’s stock, valued at approximately $15,207,000. Northrop Grumman makes up 2.0% of JLB & Associates Inc.’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors have also bought and sold shares of the company. Torren Management LLC bought a new position in Northrop Grumman in the 4th quarter valued at about $26,000. Karpus Management Inc. bought a new stake in shares of Northrop Grumman during the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman in the 4th quarter worth approximately $29,000. Perkins Coie Trust Co acquired a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $29,000. Finally, Financial Life Planners bought a new position in shares of Northrop Grumman in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

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

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company posted $8.15 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on NOC. Wells Fargo & Company reiterated an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 8th. UBS Group upped their target price on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. TD Cowen decreased their price target on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. Citigroup increased their price target on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $659.30.

More Northrop Grumman News

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

• Positive Sentiment: Northrop Grumman completed a key design review for a major upgrade to the E-2D Hawkeye, a milestone that supports continued execution on the Navy aircraft program and could help underpin future revenue. Northrop Grumman clears design review for major E-2D Hawkeye upgrade
• Positive Sentiment: The company is expanding its military-training capabilities through live, virtual and constructive systems, immersive training and electromagnetic simulation tools. The broader training footprint could diversify growth and benefit from rising demand for complex-mission preparation by U.S. and allied forces. Is Northrop Grumman Expanding Its Presence in Military Training? Zacks military training article
• Positive Sentiment: Recent operating momentum remains supportive: second-quarter sales increased year over year, earnings exceeded estimates and net awards of approximately $20 billion lifted backlog to a record near $105 billion. Management also raised 2026 sales and adjusted-EPS guidance, reinforcing expectations for defense-driven growth. Northrop Grumman gains as investors weigh stronger guidance, backlog, and defense tailwinds
• Neutral Sentiment: Analysts remain generally constructive despite NOC’s underperformance over the past year. However, published price targets vary widely, suggesting uncertainty about execution, cash flow and the timing of major program contributions. Are Wall Street Analysts Predicting Northrop Grumman Stock Will Climb or Sink?
• Negative Sentiment: Investor commentary has highlighted higher capital-spending requirements as a pressure on Northrop Grumman. Increased investment could weigh on near-term free cash flow even as it supports long-term production capacity and program growth. Investors’ Focus on Higher Capital Spending Weighed on Northrop Grumman

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman 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 transaction, the director 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 filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.