Carnegie Investment Counsel Has $34.63 Million Stock Holdings in Northrop Grumman Corporation $NOC

Carnegie Investment Counsel decreased its holdings in Northrop Grumman Corporation (NYSE:NOC) by 7.7% during the 1st quarter, HoldingsChannel reports. The firm owned 50,765 shares of the aerospace company’s stock after selling 4,245 shares during the quarter. Carnegie Investment Counsel’s holdings in Northrop Grumman were worth $34,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kestra Investment Management LLC boosted its stake in Northrop Grumman by 4.4% in the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after buying an additional 15 shares in the last quarter. Evolution Wealth Management Inc. grew its holdings in shares of Northrop Grumman by 6.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 15 shares during the last quarter. Howard Financial Services LTD. grew its holdings in shares of Northrop Grumman by 1.4% during the 4th quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock valued at $651,000 after purchasing an additional 16 shares during the last quarter. Frank Rimerman Advisors LLC increased its position 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 in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position 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 in the last quarter. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NOC shares. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Morgan Stanley reduced their price objective 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. Citigroup lowered their target price on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research note on Wednesday. Finally, BTIG Research reiterated a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $688.89.

Northrop Grumman Trading Up 1.4%

Northrop Grumman stock traded up $7.26 during trading hours on Friday, reaching $539.49. 455,716 shares of the company’s stock were exchanged, compared to its average volume of 991,342. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The firm’s 50 day simple moving average is $541.29 and its 200 day simple moving average is $625.68. Northrop Grumman Corporation has a twelve month low of $493.84 and a twelve month high of $774.00. The firm has a market capitalization of $76.62 billion, a PE ratio of 16.89, a PEG ratio of 3.65 and a beta of -0.10.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS 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 business had revenue of $9.88 billion during the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter last year, the firm posted $6.06 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts predict that Northrop Grumman Corporation will post 27.95 earnings per share for the current 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 paid a $2.47 dividend. This represents a $9.88 annualized dividend and a yield of 1.8%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s payout ratio is presently 30.92%.

Key Headlines Impacting Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: NATO’s plan to acquire up to five Northrop Grumman MQ-4C Triton drones reinforces demand for the company’s surveillance and maritime security platforms, a potential tailwind for future revenue. Northrop Grumman (NOC) Wins NATO Backing For Up To Five Triton Drones
• Positive Sentiment: Analysts continue to view Northrop Grumman as reasonably attractive, with a consensus rating of “Moderate Buy,” which can help support investor confidence ahead of the next earnings report. Northrop Grumman Corporation (NYSE:NOC) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Several articles argue Northrop is positioned to beat earnings estimates again, citing its history of topping expectations and favorable setup for the upcoming quarterly report. Why Northrop Grumman (NOC) is Poised to Beat Earnings Estimates Again
• Neutral Sentiment: Market commentary and valuation-focused pieces suggest the stock may be fairly priced after a strong multi-year run, which could limit upside unless earnings or contract growth surprise to the upside. Northrop Grumman (NOC) Stock Looks Fairly Priced Following A 62% Run
• Negative Sentiment: Some recent commentary highlights cost and capital spending concerns, which could weigh on margins if defense program execution becomes more expensive. Northrop Grumman (NOC) After Talpins Interest And Cost Concerns, Bargain Or Fairly Valued?

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.