London Co. of Virginia Sells 9,668 Shares of Northrop Grumman Corporation $NOC

London Co. of Virginia reduced its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 383,058 shares of the aerospace company’s stock after selling 9,668 shares during the period. London Co. of Virginia owned about 0.27% of Northrop Grumman worth $218,441,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Torren Management LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter valued at approximately $26,000. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman during the 4th quarter valued at approximately $26,000. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the 3rd quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter valued at approximately $29,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of Northrop Grumman during the 4th quarter valued at approximately $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Northrop Grumman Stock Performance

NYSE NOC opened at $551.67 on Wednesday. Northrop Grumman Corporation has a 52-week low of $481.28 and a 52-week high of $774.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The company has a market capitalization of $78.35 billion, a P/E ratio of 17.27, a P/E/G ratio of 3.72 and a beta of -0.12. The company has a fifty day moving average of $583.62 and a 200-day moving average of $630.55.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the previous year, the firm posted $6.06 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be issued a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is presently 30.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NOC. UBS Group dropped their price target on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday. Weiss Ratings cut shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Jefferies Financial Group dropped their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Finally, BTIG Research reissued a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $702.63.

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.