Old Mission Investment Co LLC Takes Position in Northrop Grumman Corporation $NOC

Old Mission Investment Co LLC acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,800 shares of the aerospace company’s stock, valued at approximately $917,000.

A number of other institutional investors have also recently added to or reduced their stakes in NOC. BlackRock Inc. acquired a new position in Northrop Grumman during the second quarter worth about $6,001,616,000. Bank of America Corp DE acquired a new stake in shares of Northrop Grumman during the 2nd quarter valued at approximately $1,298,141,000. Capital World Investors boosted its stake in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $376,135,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $44,039,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $513.89 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The business’s fifty day moving average price is $544.64 and its two-hundred day moving average price is $599.04. The stock has a market cap of $72.99 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 3.10 and a beta of -0.11. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the firm posted $8.15 earnings per share. The business’s revenue for the quarter 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, analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be paid a $2.47 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.9%. Northrop Grumman’s payout ratio is presently 31.39%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Susquehanna dropped their price objective on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research note on Wednesday, July 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Sanford C. Bernstein restated a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a research report on Wednesday, August 5th. Robert W. Baird set a $500.00 price target on Northrop Grumman in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group cut their price target on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $661.30.

Insider Transactions at Northrop Grumman

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

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.