GSA Capital Partners LLP Takes Position in Northrop Grumman Corporation $NOC

GSA Capital Partners LLP purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,314 shares of the aerospace company’s stock, valued at approximately $5,253,000. Northrop Grumman comprises about 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 13th largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Capital World Investors lifted its holdings in Northrop Grumman by 39.4% in the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after acquiring an additional 970,029 shares during the last quarter. J. Stern & Co. LLP increased its stake in Northrop Grumman by 56,920.9% during the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after acquiring an additional 421,215 shares during the last quarter. Jennison Associates LLC raised its position in Northrop Grumman by 272.8% in the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after purchasing an additional 293,909 shares during the period. Vanguard Group Inc. raised its position in Northrop Grumman by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Northrop Grumman by 1,086.5% in the 4th quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock valued at $109,813,000 after purchasing an additional 176,352 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Transactions at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NOC. JPMorgan Chase & Co. lowered their price target on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. TD Cowen reduced their price objective on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a report on Wednesday, July 22nd. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Finally, The Goldman Sachs Group dropped their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $659.30.

Northrop Grumman Trading Up 1.8%

NOC opened at $585.18 on Friday. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $538.88 and a 200-day simple moving average of $613.93. The firm has a market cap of $83.12 billion, a P/E ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11.

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 return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the business earned $8.15 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were paid a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. Northrop Grumman’s payout ratio is currently 31.39%.

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.