London Co. of Virginia Decreases Position in Northrop Grumman Corporation $NOC

London Co. of Virginia lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 383,058 shares of the aerospace company’s stock after selling 9,668 shares during the quarter. London Co. of Virginia’s holdings in Northrop Grumman were worth $218,441,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Northrop Grumman in the 4th quarter worth $26,000. Karpus Management Inc. purchased a new position in Northrop Grumman in the 4th quarter worth $26,000. Financial Life Planners purchased a new position in Northrop Grumman in the 3rd quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Northrop Grumman in the 4th quarter worth $29,000. Finally, Motiv8 Investments LLC purchased a new position in Northrop Grumman in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NOC shares. Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday. 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 on the stock. BTIG Research restated a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, UBS Group decreased their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Price Performance

NOC stock opened at $551.67 on Wednesday. The firm’s 50-day moving average price is $583.62 and its two-hundred day moving average price is $630.55. Northrop Grumman Corporation has a 12-month low of $481.28 and a 12-month high of $774.00. The stock has a market capitalization of $78.35 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 3.72 and a beta of -0.12. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be paid a dividend of $2.47 per share. 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. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio 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.