Sit Investment Associates Inc. Has $9.50 Million Stock Holdings in Northrop Grumman Corporation $NOC

Sit Investment Associates Inc. increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 173.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,667 shares of the aerospace company’s stock after acquiring an additional 10,580 shares during the quarter. Sit Investment Associates Inc.’s holdings in Northrop Grumman were worth $9,504,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Northrop Grumman during the 4th quarter worth about $26,000. Karpus Management Inc. bought a new position in shares of Northrop Grumman in the 4th quarter valued at about $26,000. Financial Life Planners bought a new position in shares of Northrop Grumman in the 3rd quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $29,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $30,000. Institutional investors own 83.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NOC shares. Morgan Stanley cut their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. UBS Group dropped their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Citigroup cut their price target on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Stock Down 5.1%

Northrop Grumman stock opened at $521.85 on Friday. The company’s 50 day simple moving average is $577.31 and its 200 day simple moving average is $630.06. Northrop Grumman Corporation has a fifty-two week low of $481.28 and a fifty-two week high of $774.00. The firm has a market capitalization of $74.12 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.75 and a beta of -0.12. 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 issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the company earned $6.06 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, sell-side analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were issued a $2.47 dividend. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. Northrop Grumman’s dividend payout ratio (DPR) is presently 30.92%.

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.