Global Retirement Partners LLC Increases Position in Northrop Grumman Corporation $NOC

Global Retirement Partners LLC increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 89.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,778 shares of the aerospace company’s stock after acquiring an additional 1,311 shares during the quarter. Global Retirement Partners LLC’s holdings in Northrop Grumman were worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NOC. Howard Financial Services LTD. grew its position in shares of Northrop Grumman by 1.4% in the 4th quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock valued at $651,000 after buying an additional 16 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in Northrop Grumman by 0.8% during the 4th quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock worth $1,125,000 after purchasing an additional 16 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Northrop Grumman by 0.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock worth $2,288,000 after purchasing an additional 16 shares during the period. Golden State Equity Partners lifted its stake in shares of Northrop Grumman by 1.2% in the 4th quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company’s stock worth $762,000 after acquiring an additional 16 shares during the period. Finally, Nilsine Partners LLC lifted its stake in shares of Northrop Grumman by 0.4% in the 4th quarter. Nilsine Partners LLC now owns 4,253 shares of the aerospace company’s stock worth $2,425,000 after acquiring an additional 17 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NOC. UBS Group reduced 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 note on Thursday, April 23rd. Jefferies Financial Group set a $660.00 target price on shares of Northrop Grumman in a report on Sunday, April 26th. TD Cowen reiterated a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $765.00 price target on shares of Northrop Grumman in a report on Thursday, January 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $704.74.

Northrop Grumman Price Performance

NOC opened at $556.01 on Monday. The company’s 50 day simple moving average is $636.59 and its 200 day simple moving average is $632.80. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. Northrop Grumman Corporation has a 1 year low of $468.29 and a 1 year high of $774.00. The stock has a market capitalization of $78.97 billion, a PE ratio of 17.40, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. The firm had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. Northrop Grumman’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, sell-side analysts expect that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend is Monday, June 1st. Northrop Grumman’s dividend payout ratio is presently 28.92%.

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.