Havemeyer Place LP Buys New Shares in Northrop Grumman Corporation $NOC

Havemeyer Place LP purchased a new position in Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,094 shares of the aerospace company’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Northrop Grumman by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the period. Geode Capital Management LLC grew its stake in shares of Northrop Grumman by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after buying an additional 17,948 shares during the period. Franklin Resources Inc. increased its position in Northrop Grumman by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,996,284 shares of the aerospace company’s stock valued at $1,825,696,000 after buying an additional 63,223 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Northrop Grumman by 0.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,624,658 shares of the aerospace company’s stock worth $990,046,000 after buying an additional 4,844 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Northrop Grumman by 9.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,152,165 shares of the aerospace company’s stock worth $656,976,000 after buying an additional 100,939 shares during the period. 83.40% of the stock is owned by institutional investors.

Northrop Grumman Stock Down 0.8%

Shares of NYSE:NOC opened at $539.96 on Tuesday. The business’s 50 day moving average is $600.59 and its 200 day moving average is $631.37. Northrop Grumman Corporation has a 12-month low of $472.02 and a 12-month high of $774.00. The stock has a market cap of $76.69 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 3.71 and a beta of -0.12. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $6.06 by $0.08. The business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, sell-side analysts forecast that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be given a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, June 1st. This is an increase 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 30.92%.

Analysts Set New Price Targets

A number of equities research analysts have commented on NOC shares. Argus set a $785.00 price objective on Northrop Grumman in a research note on Tuesday, February 10th. BTIG Research reissued a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Jefferies Financial Group decreased their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Wells Fargo & Company initiated coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has an average rating of “Moderate Buy” and an average target price of $702.63.

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.