Renaissance Technologies LLC Has $6.82 Million Stake in Northrop Grumman Corporation $NOC

Renaissance Technologies LLC cut its position in Northrop Grumman Corporation (NYSE:NOC) by 89.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the aerospace company’s stock after selling 83,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Northrop Grumman were worth $6,822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA lifted its stake in Northrop Grumman by 7.0% during the first quarter. Pictet Asset Management Holding SA now owns 61,436 shares of the aerospace company’s stock worth $41,914,000 after purchasing an additional 4,041 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Northrop Grumman by 9.7% during the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock worth $63,822,000 after buying an additional 9,924 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 buying an additional 17,948 shares in the last quarter. Finally, World Investment Advisors lifted its position in shares of Northrop Grumman by 70.1% during the 4th quarter. World Investment Advisors now owns 4,497 shares of the aerospace company’s stock worth $2,564,000 after buying an additional 1,853 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

NYSE:NOC opened at $551.45 on Wednesday. The stock’s 50-day moving average is $534.43 and its 200-day moving average is $618.70. 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. The stock has a market cap of $78.32 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 3.55 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $8.15 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a dividend of $2.47 per share. The ex-dividend date of this dividend was Monday, June 1st. 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. Northrop Grumman’s dividend payout ratio is 31.39%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the transaction, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by corporate insiders.

Trending Headlines about Northrop Grumman

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

• Positive Sentiment: Northrop Grumman entered into multi-year framework agreements valued at more than $3 billion to accelerate production of missile-interceptor components for PAC-3 MSE and THAAD systems. The agreements should improve production visibility and support demand from the United States and allied defense customers. Northrop Grumman Enters Into $3 Billion Landmark Agreements to Accelerate Missile Interceptor Production
• Positive Sentiment: The U.S. Defense Department selected Lockheed Martin and Northrop Grumman to expand missile-interceptor production capacity. The government-backed effort reinforces the strategic importance of Northrop’s missile-defense business and could lead to additional orders as the U.S. replenishes weapon inventories. US signs deal to boost production of missile-interceptor parts
• Neutral Sentiment: Director Mark A. Welsh III sold 95 shares for approximately $52,000, reducing his holdings by 2.12%. Because the transaction was executed under a pre-arranged Rule 10b5-1 plan and represents a small portion of his remaining ownership, it is less significant as a bearish signal.
• Neutral Sentiment: Analysts collectively maintain a “Moderate Buy” recommendation on NOC, indicating generally favorable sentiment but not a strong consensus upgrade. Northrop Grumman Corporation Receives Average Recommendation of Moderate Buy from Analysts

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NOC shares. UBS Group raised their price objective on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Susquehanna decreased their price target on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, The Goldman Sachs Group cut their target price on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $659.00.

About Northrop Grumman

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.