Severin Investments LLC Raises Holdings in Northrop Grumman Corporation $NOC

Severin Investments LLC boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 131.3% during the third quarter, Holdings Channel.com reports. The firm owned 1,464 shares of the aerospace company’s stock after buying an additional 831 shares during the period. Severin Investments LLC’s holdings in Northrop Grumman were worth $892,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOC. Soundwatch Capital LLC purchased a new position in shares of Northrop Grumman in the second quarter worth $6,457,274,000. Franklin Resources Inc. boosted its position in Northrop Grumman by 11.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,933,061 shares of the aerospace company’s stock valued at $1,466,472,000 after buying an additional 308,680 shares during the period. Holocene Advisors LP purchased a new stake in Northrop Grumman during the 3rd quarter valued at $137,280,000. Bank of New York Mellon Corp grew its holdings in Northrop Grumman by 26.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,051,226 shares of the aerospace company’s stock worth $640,534,000 after acquiring an additional 221,431 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in Northrop Grumman by 49,898.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 169,494 shares of the aerospace company’s stock worth $84,744,000 after acquiring an additional 169,155 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $724.82 on Thursday. The company’s fifty day moving average price is $699.26 and its 200-day moving average price is $622.52. The stock has a market cap of $102.87 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 5.38 and a beta of 0.03. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. Northrop Grumman Corporation has a 12 month low of $450.13 and a 12 month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a net margin of 9.97% and a return on equity of 25.57%. The business had revenue of $11.71 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter last year, the firm earned $6.39 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were given a $2.31 dividend. This represents a $9.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, February 23rd. Northrop Grumman’s payout ratio is currently 31.72%.

Insider Activity

In related news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total value of $65,029.40. Following the completion of the transaction, the director directly owned 4,203 shares in the company, valued at $2,877,037.56. The trade was a 2.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael A. Hardesty sold 147 shares of Northrop Grumman stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the sale, the chief accounting officer directly owned 2,525 shares of the company’s stock, valued at approximately $1,850,774.50. The trade was a 5.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Vertical Research restated a “hold” rating and set a $688.00 price target on shares of Northrop Grumman in a report on Tuesday, January 27th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a report on Monday, January 12th. Argus set a $785.00 price objective on Northrop Grumman in a research report on Tuesday, February 10th. Finally, Truist Financial reissued a “hold” rating and set a $623.00 target price (down from $688.00) on shares of Northrop Grumman in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $693.60.

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.