Northrop Grumman Corporation $NOC Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 358.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,418 shares of the aerospace company’s stock after purchasing an additional 2,673 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Northrop Grumman were worth $2,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Financial Life Planners purchased a new stake in Northrop Grumman in the 3rd quarter valued at about $27,000. Torren Management LLC purchased a new position in shares of Northrop Grumman during the 4th quarter worth about $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman during the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the 4th quarter worth about $29,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Northrop Grumman in the third quarter worth approximately $32,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Northrop Grumman

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman won a roughly $312.34 million contract modification to keep producing Surface Electronic Warfare Improvement Program (SEWIP) Block 3 systems for the U.S. Navy, extending work through August 2029 and reinforcing multi-year revenue visibility. Article Title
• Positive Sentiment: Additional coverage highlighted the award as evidence of strong demand for advanced electronic warfare and mission-critical defense technology, which supports the bullish case for NOC’s order pipeline. Article Title
• Positive Sentiment: Analysts and market commentary also pointed to Northrop Grumman’s recent contract wins in space, propulsion, and missile systems, plus its reaffirmed 2026 outlook and upcoming July 21 earnings date, as reasons investors are rotating into the stock. Article Title

Northrop Grumman Stock Down 0.2%

Shares of NYSE:NOC opened at $547.81 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. Northrop Grumman Corporation has a 1 year low of $493.84 and a 1 year high of $774.00. The stock has a market capitalization of $77.81 billion, a P/E ratio of 17.15, a PEG ratio of 3.74 and a beta of -0.10. The stock has a 50-day simple moving average of $544.85 and a 200-day simple moving average of $626.56.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating the consensus estimate of $6.06 by $0.08. The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. Northrop Grumman’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 27.95 earnings per share for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a $2.47 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 30.92%.

Wall Street Analyst Weigh In

NOC has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Jefferies Financial Group cut their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research note on Friday, June 26th. Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. BTIG Research reissued a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Finally, Morgan Stanley dropped their price objective on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average target price of $698.37.

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.