OMERS ADMINISTRATION Corp Acquires 1,488 Shares of Northrop Grumman Corporation $NOC

OMERS ADMINISTRATION Corp increased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 28.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,629 shares of the aerospace company’s stock after buying an additional 1,488 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Northrop Grumman were worth $4,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its stake in Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the period. Bison Wealth LLC lifted its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares during the period. Woodline Partners LP grew its holdings in shares of Northrop Grumman by 367.7% during the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after purchasing an additional 1,978 shares in the last quarter. AXA S.A. grew its holdings in shares of Northrop Grumman by 1,487.8% during the 2nd quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after purchasing an additional 15,309 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Northrop Grumman by 6.7% in the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after purchasing an additional 553 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Stock Up 1.0%

NOC stock opened at $547.42 on Tuesday. The firm has a 50-day moving average price of $535.73 and a 200-day moving average price of $621.73. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $77.75 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 3.51 and a beta of -0.10.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities research analysts anticipate that Northrop Grumman Corporation will post 28.98 EPS for the current fiscal 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. The ex-dividend date of this dividend was Monday, June 1st. This is a boost 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 payout ratio is presently 31.39%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. UBS Group raised their target price on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 15th. Citigroup reduced their price target on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Finally, Robert W. Baird set a $500.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $655.24.

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.