Stenger Family Office LLC Reduces Stock Position in Northrop Grumman Corporation $NOC

Stenger Family Office LLC lessened its stake in Northrop Grumman Corporation (NYSE:NOC) by 62.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,775 shares of the aerospace company’s stock after selling 2,952 shares during the period. Stenger Family Office LLC’s holdings in Northrop Grumman were worth $1,012,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

NOC has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. Wells Fargo & Company started coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective for the company. Jefferies Financial Group reduced their target price on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday. Finally, Wall Street Zen cut shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $521.85 on Friday. The firm has a market cap of $74.12 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 3.56 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 52 week low of $481.28 and a 52 week high of $774.00. The business’s fifty day simple moving average is $574.00 and its 200-day simple moving average is $629.31.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. The firm 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 company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts forecast 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 was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a yield of 1.9%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s payout ratio is 30.92%.

Northrop Grumman Company 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.