Wellspring Financial Advisors LLC Invests $740,000 in Northrop Grumman Corporation $NOC

Wellspring Financial Advisors LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,297 shares of the aerospace company’s stock, valued at approximately $740,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NOC. Capital World Investors raised its position in shares of Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after purchasing an additional 970,029 shares during the period. Jennison Associates LLC raised its position in Northrop Grumman by 272.8% during the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after buying an additional 293,909 shares during the period. Holocene Advisors LP acquired a new position in Northrop Grumman during the third quarter valued at $137,280,000. Vanguard Group Inc. raised its position in Northrop Grumman by 1.5% during 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 buying an additional 209,135 shares during the period. Finally, M&T Bank Corp raised its position in Northrop Grumman by 1,086.5% during the fourth quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock valued at $109,813,000 after buying an additional 176,352 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $542.55 on Thursday. 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 Corporation has a fifty-two week low of $472.02 and a fifty-two week high of $774.00. The stock’s 50-day moving average is $595.41 and its two-hundred day moving average is $631.06. The firm has a market cap of $77.06 billion, a P/E ratio of 16.98, a PEG ratio of 3.74 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the firm posted $6.06 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts predict that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is currently 30.92%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOC. UBS Group dropped their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings lowered Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. 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. Morgan Stanley dropped their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group dropped their price target on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $702.63.

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.