PensionDanmark Pensionsforsikringsaktieselskab Purchases 3,562 Shares of Northrop Grumman Corporation $NOC

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,802 shares of the aerospace company’s stock after purchasing an additional 3,562 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Northrop Grumman were worth $15,688,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in Northrop Grumman by 5.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,219 shares of the aerospace company’s stock valued at $2,149,000 after purchasing an additional 218 shares during the period. Orser Capital Management LLC bought a new position in Northrop Grumman in the 2nd quarter worth approximately $535,000. 180 Wealth Advisors LLC lifted its holdings in shares of Northrop Grumman by 14.1% during the second quarter. 180 Wealth Advisors LLC now owns 1,483 shares of the aerospace company’s stock worth $755,000 after buying an additional 183 shares during the last quarter. JGP Wealth Management LLC lifted its holdings in shares of Northrop Grumman by 7.4% during the second quarter. JGP Wealth Management LLC now owns 946 shares of the aerospace company’s stock worth $482,000 after buying an additional 65 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in shares of Northrop Grumman by 42.6% in the second quarter. Dynamic Advisor Solutions LLC now owns 16,441 shares of the aerospace company’s stock valued at $8,374,000 after acquiring an additional 4,913 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NOC shares. Weiss Ratings upgraded shares of Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a report on Wednesday, July 15th. TD Cowen decreased their price target 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. Citigroup dropped their price objective on shares of Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.30.

Northrop Grumman Stock Performance

NOC opened at $571.06 on Friday. The stock’s 50 day simple moving average is $534.89 and its 200-day simple moving average is $617.00. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $81.11 billion, a PE ratio of 18.14, a P/E/G ratio of 3.68 and a beta of -0.11. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were given a dividend of $2.47 per share. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

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.