Meeder Asset Management Inc. Buys New Position in Northrop Grumman Corporation $NOC

Meeder Asset Management Inc. acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, Holdings Channel reports. The fund acquired 20,191 shares of the aerospace company’s stock, valued at approximately $10,283,000.

Other large investors have also bought and sold shares of the company. Torren Management LLC bought a new position in shares of Northrop Grumman during the 4th quarter valued at about $26,000. Karpus Management Inc. purchased a new position in Northrop Grumman during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the fourth quarter valued at $29,000. Perkins Coie Trust Co purchased a new position in Northrop Grumman during the 2nd quarter valued at about $29,000. Finally, Financial Life Planners purchased a new position in Northrop Grumman during the first quarter valued at approximately $30,000. Institutional investors own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NOC. UBS Group upped their target price on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Citigroup lifted their price target on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird set a $500.00 price objective on shares of Northrop Grumman in a report on Wednesday, July 22nd. Finally, TD Cowen cut their target price on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a research note on Wednesday, July 22nd. One equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $659.30.

Insider Buying and Selling at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC stock opened at $570.59 on Tuesday. The stock’s fifty day simple moving average is $539.49 and its 200 day simple moving average is $612.84. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The firm 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 one year low of $479.02 and a one year high of $774.00.

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

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.