3,268 Shares in Northrop Grumman Corporation $NOC Acquired by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, HoldingsChannel.com reports. The firm bought 3,268 shares of the aerospace company’s stock, valued at approximately $1,664,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NOC. Vanguard Group Inc. raised its position in shares of Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after acquiring an additional 209,135 shares in the last quarter. Capital World Investors boosted its position in Northrop Grumman by 39.4% during 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 purchasing an additional 970,029 shares in the last quarter. Geode Capital Management LLC grew its stake in Northrop Grumman by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after purchasing an additional 17,948 shares during the last quarter. Franklin Resources Inc. grew its stake in Northrop Grumman by 4.3% in the fourth quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock valued at $1,781,986,000 after purchasing an additional 128,855 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Northrop Grumman by 3.9% in the fourth quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after purchasing an additional 62,817 shares in the last quarter. Institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NOC. UBS Group increased their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $653.00 price objective on shares of Northrop Grumman in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 22nd. Citigroup lifted their price target on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna decreased their price objective on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and an average target price of $659.30.

Northrop Grumman Price Performance

Shares of NOC stock opened at $585.18 on Monday. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The firm has a market capitalization of $83.11 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 3.79 and a beta of -0.11. The stock’s 50-day simple moving average is $538.88 and its 200-day simple moving average is $613.61.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating the consensus estimate of $6.82 by $0.86. The firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. Northrop Grumman’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

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

Insider Activity

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on 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 directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.