Northrop Grumman Corporation $NOC Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 107.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 37,092 shares of the aerospace company’s stock after purchasing an additional 19,177 shares during the quarter. Intech Investment Management LLC’s holdings in Northrop Grumman were worth $21,150,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Torren Management LLC bought a new stake in Northrop Grumman in the 4th quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of Northrop Grumman in the third quarter valued at approximately $27,000. Physician Wealth Advisors Inc. increased its stake in shares of Northrop Grumman by 200.0% in the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 32 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Northrop Grumman during the fourth quarter valued at approximately $29,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of Northrop Grumman during the third quarter worth approximately $30,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Up 1.4%

Northrop Grumman stock opened at $559.16 on Friday. Northrop Grumman Corporation has a 52 week low of $468.50 and a 52 week high of $774.00. The company has a 50 day moving average price of $622.51 and a 200 day moving average price of $632.35. The firm has a market capitalization of $79.42 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 3.76 and a beta of -0.11. 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 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 analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts forecast that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s dividend payout ratio is presently 28.92%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NOC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $765.00 price objective on shares of Northrop Grumman in a report on Thursday, January 29th. UBS Group lowered their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Argus set a $785.00 price objective on shares of Northrop Grumman in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a report on Monday, March 23rd. Finally, Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

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.