Empowered Funds LLC Has $16.11 Million Stock Position in Northrop Grumman Corporation $NOC

Empowered Funds LLC boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 68.1% in the 1st quarter, HoldingsChannel reports. The firm owned 23,606 shares of the aerospace company’s stock after buying an additional 9,565 shares during the period. Empowered Funds LLC’s holdings in Northrop Grumman were worth $16,105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KCM Investment Advisors LLC increased its holdings in Northrop Grumman by 10.4% during the 1st quarter. KCM Investment Advisors LLC now owns 510 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 48 shares in the last quarter. IMG Wealth Management Inc. boosted its stake in Northrop Grumman by 67.0% in the first quarter. IMG Wealth Management Inc. now owns 339 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 136 shares in the last quarter. Glen Eagle Advisors LLC grew its holdings in shares of Northrop Grumman by 127.2% during the first quarter. Glen Eagle Advisors LLC now owns 3,870 shares of the aerospace company’s stock worth $2,640,000 after purchasing an additional 2,167 shares during the last quarter. Excelsior Advisor Network LLC acquired a new stake in shares of Northrop Grumman in the first quarter valued at $229,000. Finally, Quantinno Capital Management LP increased its stake in shares of Northrop Grumman by 6.7% in the first quarter. Quantinno Capital Management LP now owns 112,987 shares of the aerospace company’s stock valued at $77,084,000 after buying an additional 7,099 shares in the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Up 0.5%

NOC opened at $550.37 on Wednesday. The firm has a 50 day simple moving average of $535.62 and a 200 day simple moving average of $621.55. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The company has a market cap of $78.17 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 3.55 and a beta of -0.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the firm earned $8.15 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, sell-side analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were 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%. 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 presently 31.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 15th. Wells Fargo & Company restated an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. Citigroup reduced their price objective on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group decreased their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $659.00.

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.