Royal London Asset Management Ltd. Has $80.97 Million Stake in Northrop Grumman Corporation $NOC

Royal London Asset Management Ltd. grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 26.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,007 shares of the aerospace company’s stock after purchasing an additional 30,134 shares during the period. Royal London Asset Management Ltd. owned about 0.10% of Northrop Grumman worth $80,974,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NOC. Vontobel Holding Ltd. increased its holdings in Northrop Grumman by 46.8% in the fourth quarter. Vontobel Holding Ltd. now owns 2,343 shares of the aerospace company’s stock worth $1,336,000 after buying an additional 747 shares during the last quarter. Uniting Wealth Partners LLC bought a new stake in Northrop Grumman during the fourth quarter worth approximately $231,000. Korea Investment CORP boosted its position in Northrop Grumman by 44.7% during the fourth quarter. Korea Investment CORP now owns 83,281 shares of the aerospace company’s stock worth $47,488,000 after purchasing an additional 25,718 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Northrop Grumman during the fourth quarter worth approximately $6,358,000. Finally, Wealthspire Advisors LLC boosted its position in Northrop Grumman by 15.6% during the fourth quarter. Wealthspire Advisors LLC now owns 5,432 shares of the aerospace company’s stock worth $3,097,000 after purchasing an additional 733 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price for the company. UBS Group decreased their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley decreased their target price on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, Citigroup reduced their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $702.63.

Northrop Grumman Stock Down 0.6%

Shares of NOC stock opened at $549.42 on Friday. The stock has a market cap of $78.03 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 3.77 and a beta of -0.12. Northrop Grumman Corporation has a one year low of $481.28 and a one year high of $774.00. The stock has a fifty day moving average price of $589.86 and a 200 day moving average price of $630.38. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the company posted $6.06 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be paid a dividend of $2.47 per share. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 1st. Northrop Grumman’s dividend payout ratio is currently 30.92%.

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.