Quantinno Capital Management LP Increases Position in Northrop Grumman Corporation $NOC

Quantinno Capital Management LP lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 6.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 112,987 shares of the aerospace company’s stock after acquiring an additional 7,099 shares during the period. Quantinno Capital Management LP’s holdings in Northrop Grumman were worth $77,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOC. Torren Management LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth about $26,000. Karpus Management Inc. acquired a new position in Northrop Grumman in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Northrop Grumman in the 4th quarter worth approximately $29,000. Financial Life Planners purchased a new position in Northrop Grumman during the 1st quarter worth approximately $30,000. Finally, Motiv8 Investments LLC purchased a new position in Northrop Grumman during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NOC shares. Citigroup decreased their target price on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Jefferies Financial Group dropped their target price on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Morgan Stanley set a $745.00 price target on Northrop Grumman in a report on Wednesday, July 15th. Finally, Robert W. Baird set a $500.00 price objective on Northrop Grumman in a research report on Wednesday, July 22nd. 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’s stock. Based on data from MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus price target of $659.00.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $550.37 on Wednesday. The business has a 50 day simple moving average of $535.62 and a two-hundred day simple moving average of $621.55. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The stock has a market capitalization of $78.17 billion, a P/E ratio of 17.48, a PEG 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 released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 31.39%.

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.