Stoneridge Investment Partners LLC Acquires Shares of 1,081 Northrop Grumman Corporation $NOC

Stoneridge Investment Partners LLC acquired a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,081 shares of the aerospace company’s stock, valued at approximately $586,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NOC. Pictet Asset Management Holding SA grew its holdings in Northrop Grumman by 7.0% during the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after buying an additional 4,041 shares in the last quarter. Vanguard Group Inc. raised its position in Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after buying an additional 209,135 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Northrop Grumman by 9.7% during the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock valued at $63,822,000 after acquiring an additional 9,924 shares in the last quarter. Geode Capital Management LLC lifted its stake in Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after acquiring an additional 17,948 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in Northrop Grumman by 70.1% during the 4th quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock worth $2,564,000 after acquiring an additional 1,853 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of the firm’s 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 completion of the sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NOC shares. Deutsche Bank Aktiengesellschaft set a $615.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 22nd. BTIG Research reissued a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Robert W. Baird set a $500.00 price target on shares of Northrop Grumman in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $659.30.

Northrop Grumman Stock Up 1.8%

NOC stock opened at $585.18 on Friday. The stock’s fifty day simple moving average is $538.88 and its two-hundred day simple moving average is $613.93. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The stock 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 announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company earned $8.15 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. 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 1.7%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

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.