Varma Mutual Pension Insurance Co Makes New $13.09 Million Investment in Northrop Grumman Corporation $NOC

Varma Mutual Pension Insurance Co purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, Holdings Channel.com reports. The firm purchased 25,700 shares of the aerospace company’s stock, valued at approximately $13,089,000.

Several other institutional investors have also made changes to their positions in NOC. Torren Management LLC acquired a new position in Northrop Grumman in the fourth quarter worth approximately $26,000. Karpus Management Inc. bought a new position in Northrop Grumman during the fourth quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman in the fourth quarter valued at approximately $29,000. Perkins Coie Trust Co acquired a new stake in Northrop Grumman in the second quarter valued at approximately $29,000. Finally, Financial Life Planners bought a new stake in Northrop Grumman in the first quarter worth approximately $30,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

NYSE NOC opened at $552.29 on Monday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The stock has a market capitalization of $78.44 billion, a PE ratio of 17.54, a P/E/G ratio of 3.57 and a beta of -0.11. The stock has a 50-day simple moving average of $541.45 and a 200 day simple moving average of $609.53.

Northrop Grumman (NYSE:NOC) last released its earnings results 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 return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $8.15 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a $2.47 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s dividend payout ratio is 31.39%.

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Susquehanna decreased their price objective on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Finally, Robert W. Baird set a $500.00 price target on Northrop Grumman in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $661.30.

Insider Transactions at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

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.