OMERS ADMINISTRATION Corp Has $4.52 Million Stock Holdings in Northrop Grumman Corporation $NOC

OMERS ADMINISTRATION Corp grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 28.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,629 shares of the aerospace company’s stock after purchasing an additional 1,488 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Northrop Grumman were worth $4,523,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 worth $7,835,097,000 after buying an additional 209,135 shares during the last quarter. Capital World Investors grew its position in shares of Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after acquiring an additional 970,029 shares during the period. Geode Capital Management LLC increased its stake in shares of Northrop Grumman by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock worth $1,793,478,000 after purchasing an additional 17,948 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Northrop Grumman by 4.3% in the 4th 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 period. Finally, Invesco Ltd. raised its holdings in shares of Northrop Grumman by 3.9% in the 4th quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock valued at $950,265,000 after purchasing an additional 62,817 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $547.42 on Tuesday. The stock has a 50 day simple moving average of $535.73 and a 200 day simple moving average of $621.73. The stock has a market cap of $77.75 billion, a P/E ratio of 17.39, a PEG ratio of 3.51 and a beta of -0.10. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 28.98 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were paid a $2.47 dividend. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio is currently 31.39%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup dropped their price objective on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. UBS Group increased their price target on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group cut their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.24.

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.