Northrop Grumman Corporation $NOC Holdings Trimmed by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 170,354 shares of the aerospace company’s stock after selling 4,432 shares during the quarter. Fisher Asset Management LLC’s holdings in Northrop Grumman were worth $97,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 44 Wealth Management LLC grew its position in Northrop Grumman by 11.9% during the 4th quarter. 44 Wealth Management LLC now owns 882 shares of the aerospace company’s stock worth $503,000 after purchasing an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC grew its position in Northrop Grumman by 6.4% during the 4th quarter. CYBER HORNET ETFs LLC now owns 397 shares of the aerospace company’s stock worth $226,000 after purchasing an additional 24 shares in the last quarter. Prospera Financial Services Inc grew its position in Northrop Grumman by 3.2% during the 4th quarter. Prospera Financial Services Inc now owns 9,811 shares of the aerospace company’s stock worth $5,597,000 after purchasing an additional 302 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new position in Northrop Grumman during the 4th quarter worth approximately $47,097,000. Finally, Jefferies Financial Group Inc. grew its position in Northrop Grumman by 15.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 4,147 shares of the aerospace company’s stock worth $2,365,000 after purchasing an additional 546 shares in the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

Shares of NOC opened at $556.01 on Tuesday. The company has a market capitalization of $78.97 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. Northrop Grumman Corporation has a one year low of $468.29 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The company’s fifty day moving average price is $633.00 and its 200 day moving average price is $632.65.

Northrop Grumman (NYSE:NOC) last announced 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. The firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts expect that Northrop Grumman Corporation will post 27.93 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date is Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman’s payout ratio is 28.92%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Argus set a $785.00 price objective on shares of Northrop Grumman in a research report on Tuesday, February 10th. BTIG Research reissued a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. UBS Group decreased their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Vertical Research reissued a “hold” rating and set a $688.00 target price on shares of Northrop Grumman in a research note on Tuesday, January 27th. Finally, Citigroup decreased their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $704.74.

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.