Mitsubishi UFJ Asset Management Co. Ltd. Buys New Position in Northrop Grumman Corporation $NOC

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the second quarter, HoldingsChannel reports. The fund purchased 353,530 shares of the aerospace company’s stock, valued at approximately $180,057,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOC. Capital World Investors boosted its holdings in 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 last quarter. Bank of New York Mellon Corp acquired a new stake in Northrop Grumman in the 2nd quarter valued at $376,135,000. J. Stern & Co. LLP lifted its position in Northrop Grumman by 56,920.9% during the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after buying an additional 421,215 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Northrop Grumman by 272.8% during the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after buying an additional 293,909 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Northrop Grumman by 1.5% during the 4th 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. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Performance

Shares of NYSE NOC opened at $570.59 on Tuesday. The firm has a market cap of $81.04 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 3.79 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The stock’s fifty day moving average price is $539.49 and its two-hundred day moving average price is $612.84.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the business 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. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Cowen lowered their target price on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a research note on Wednesday, July 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a research report on Wednesday, July 8th. The Goldman Sachs Group dropped their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, Citigroup increased their price objective on Northrop Grumman from $617.00 to $667.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $659.30.

Insider Activity

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

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.