Northrop Grumman Corporation $NOC Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 40.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 78,123 shares of the aerospace company’s stock after buying an additional 22,365 shares during the period. Jones Financial Companies Lllp’s holdings in Northrop Grumman were worth $39,068,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $26,000. Karpus Management Inc. acquired a new position in Northrop Grumman in the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the fourth quarter worth about $29,000. Perkins Coie Trust Co acquired a new stake in shares of Northrop Grumman during the second quarter worth about $29,000. Finally, Financial Life Planners acquired a new stake in shares of Northrop Grumman during the first quarter worth about $30,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction on Monday, August 3rd. The stock was 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 $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Northrop Grumman Stock Down 0.3%

NOC stock opened at $549.46 on Tuesday. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The stock has a market cap of $78.04 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 3.57 and a beta of -0.11. The firm’s 50-day simple moving average is $541.56 and its 200 day simple moving average is $608.43. 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 posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the firm posted $8.15 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, sell-side analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Monday, August 31st will be given a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. Northrop Grumman’s payout ratio is 31.39%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOC. Jefferies Financial Group decreased their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $653.00 target price on shares of Northrop Grumman in a report on Wednesday, August 5th. Wells Fargo & Company reissued an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 8th. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Finally, Weiss Ratings downgraded shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $661.30.

About Northrop Grumman

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.