Citizens Financial Group Inc. RI Buys Shares of 11,877 Northrop Grumman Corporation $NOC

Citizens Financial Group Inc. RI purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,877 shares of the aerospace company’s stock, valued at approximately $6,049,000.

Several other institutional investors have also modified their holdings of NOC. Torren Management LLC bought a new stake in Northrop Grumman during the 4th quarter worth approximately $26,000. Karpus Management Inc. bought a new stake in shares of Northrop Grumman during the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth $29,000. Perkins Coie Trust Co bought a new stake in Northrop Grumman in the 2nd quarter valued at $29,000. Finally, Financial Life Planners acquired a new position in Northrop Grumman in the 1st quarter worth $30,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 2.6%

NOC stock opened at $570.59 on Tuesday. The company has a market cap of $81.04 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The business has a 50 day moving average price of $539.49 and a two-hundred day moving average price of $612.84. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81.

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, topping 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 company had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business posted $8.15 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Analysts Set New Price Targets

NOC has been the topic of a number of research reports. The Goldman Sachs Group cut their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. TD Cowen cut their price objective on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings cut shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. One investment 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 data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $659.30.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.