Northrop Grumman Corporation $NOC Shares Sold by Stenger Family Office LLC

Stenger Family Office LLC lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,775 shares of the aerospace company’s stock after selling 2,952 shares during the period. Stenger Family Office LLC’s holdings in Northrop Grumman were worth $1,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Financial Life Planners acquired a new stake in Northrop Grumman in the third quarter valued at approximately $27,000. Torren Management LLC acquired a new position in shares of Northrop Grumman during the 4th quarter worth approximately $26,000. Karpus Management Inc. acquired a new position in shares of Northrop Grumman during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the 4th quarter valued at approximately $29,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in Northrop Grumman in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NOC. Citigroup cut their price target on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Jefferies Financial Group dropped their target price on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price for the company. Finally, BTIG Research restated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Stock Up 0.1%

Shares of NOC opened at $521.85 on Friday. The stock has a 50 day moving average price of $574.00 and a 200 day moving average price of $629.31. Northrop Grumman Corporation has a one year low of $481.28 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The stock has a market capitalization of $74.12 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.56 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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. 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 quarter last year, the firm posted $6.06 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities research analysts forecast that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a $2.47 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s payout ratio is 30.92%.

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.