Northrop Grumman Corporation $NOC Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in Northrop Grumman Corporation (NYSE:NOC) by 107.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,092 shares of the aerospace company’s stock after acquiring an additional 19,177 shares during the period. Intech Investment Management LLC’s holdings in Northrop Grumman were worth $21,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Life Planners purchased a new position in shares of Northrop Grumman during the 3rd quarter worth $27,000. Torren Management LLC purchased a new position in shares of Northrop Grumman during the 4th quarter worth $26,000. Physician Wealth Advisors Inc. lifted its stake in shares of Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of Northrop Grumman during the 3rd quarter worth $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the 4th quarter worth $29,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Up 1.4%

Shares of NYSE NOC opened at $559.16 on Friday. The stock has a fifty day moving average price of $622.51 and a 200 day moving average price of $632.35. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. The company has a market cap of $79.42 billion, a P/E ratio of 17.50, a P/E/G ratio of 3.76 and a beta of -0.11. Northrop Grumman Corporation has a 12-month low of $468.50 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Research analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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

Wall Street Analysts Forecast Growth

NOC has been the topic of a number of recent analyst reports. UBS Group reduced their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $765.00 price target on shares of Northrop Grumman in a research note on Thursday, January 29th. Citigroup dropped their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Argus set a $785.00 price objective on Northrop Grumman in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $702.63.

Northrop Grumman 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.