Sageworth Trust Co Takes Position in Northrop Grumman Corporation $NOC

Sageworth Trust Co acquired a new position in Northrop Grumman Corporation (NYSE:NOC) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 1,723 shares of the aerospace company’s stock, valued at approximately $1,176,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pictet Asset Management Holding SA raised its position in shares of Northrop Grumman by 7.0% during the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after purchasing an additional 4,041 shares during the period. Vanguard Group Inc. boosted its position in shares of Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the period. New York State Teachers Retirement System boosted its position in shares of Northrop Grumman by 9.7% in the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after purchasing an additional 9,924 shares during the period. Nordea Investment Management AB acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $1,987,000. Finally, Geode Capital Management LLC increased its stake in Northrop Grumman by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after purchasing an additional 17,948 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman News Roundup

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

• Positive Sentiment: NATO allies plan to acquire up to five Northrop Grumman MQ-4C Triton drones, with Norway, Finland, Germany and Denmark among the participating countries, highlighting new international demand for the company’s surveillance systems. Northrop Grumman (NOC) Wins NATO Backing For Up To Five Triton Drones
• Positive Sentiment: Northrop Grumman was also named as a top pick in billionaire Jeffrey Talpins’ filings, adding investor attention and signaling confidence in the defense contractor’s long-term prospects. Northrop Grumman Corporation (NOC) Is A Top Pick In Billionaire Talpins’ Filings
• Neutral Sentiment: Recent commentary says Northrop Grumman looks fairly priced after its strong multi-year run, suggesting the stock may have less obvious upside from valuation alone even as defense demand remains supportive. Northrop Grumman (NOC) Stock Looks Fairly Priced Following A 62% Run
• Neutral Sentiment: Analyst updates have also pointed to cost and capital spending pressures, which may keep some investors cautious despite the company’s strong defense backlog and contract opportunities. Northrop Grumman (NOC) After Talpins Interest And Cost Concerns, Bargain Or Fairly Valued?
• Negative Sentiment: Some recent coverage suggests Northrop Grumman’s valuation is no longer deeply discounted, which could limit near-term upside if investors focus more on execution and margin pressures than on new contract wins. Northrop Grumman: Trump’s Betting On A More Dangerous World

Analyst Upgrades and Downgrades

NOC has been the topic of several recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a report on Wednesday. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Morgan Stanley reduced their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, UBS Group dropped their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $688.89.

Northrop Grumman Stock Performance

NOC stock opened at $544.02 on Thursday. The firm has a 50 day moving average of $542.88 and a two-hundred day moving average of $626.56. Northrop Grumman Corporation has a 12 month low of $493.84 and a 12 month high of $774.00. The company has a market capitalization of $77.27 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 3.74 and a beta of -0.10. 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 (NYSE:NOC) last released its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the firm earned $6.06 EPS. Northrop Grumman’s revenue for the quarter was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities analysts anticipate that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were given a dividend of $2.47 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman’s dividend payout ratio (DPR) is currently 30.92%.

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.