Northrop Grumman Corporation $NOC Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC reduced its stake in Northrop Grumman Corporation (NYSE:NOC) by 83.9% during the 1st quarter, Holdings Channel reports. The fund owned 503 shares of the aerospace company’s stock after selling 2,624 shares during the period. Founders Financial Securities LLC’s holdings in Northrop Grumman were worth $348,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Torren Management LLC purchased a new position in Northrop Grumman in the 4th quarter valued at about $26,000. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman during the fourth quarter worth about $26,000. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the third quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $29,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $513.27 on Wednesday. The firm has a fifty day moving average of $567.10 and a 200-day moving average of $629.33. Northrop Grumman Corporation has a 52-week low of $481.28 and a 52-week high of $774.00. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $72.90 billion, a P/E ratio of 16.06, a PEG ratio of 3.46 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last posted its earnings results 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. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the business posted $6.06 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were given a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 1.9%. 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 dividend payout ratio is 30.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NOC shares. UBS Group reduced their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Jefferies Financial Group cut their price target on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Citigroup decreased their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.