Northrop Grumman Corporation $NOC Shares Purchased by Capital World Investors

Capital World Investors increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 39.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,434,041 shares of the aerospace company’s stock after purchasing an additional 970,029 shares during the quarter. Capital World Investors’ holdings in Northrop Grumman were worth $1,958,151,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Torren Management LLC acquired a new position in Northrop Grumman during the fourth quarter worth $26,000. Financial Life Planners acquired a new position in Northrop Grumman during the third quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Northrop Grumman during the fourth quarter worth $29,000. Hopwood Financial Services Inc. acquired a new position in Northrop Grumman during the third quarter worth $30,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Northrop Grumman during the third quarter worth $32,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NOC shares. Weiss Ratings cut Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Citigroup cut their price target on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a report on Monday, May 18th. Morgan Stanley cut their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Argus set a $785.00 price target on Northrop Grumman in a report on Tuesday, February 10th. Finally, UBS Group cut their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Stock Performance

NYSE NOC opened at $544.73 on Friday. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.71 and a beta of -0.12. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a fifty-two week low of $472.02 and a fifty-two week high of $774.00. The business has a fifty day moving average of $603.63 and a 200-day moving average of $631.07.

Northrop Grumman (NYSE:NOC) last announced 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 during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be given a $2.47 dividend. This is an increase 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%. The ex-dividend date of this dividend is Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is presently 30.92%.

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.