Glen Eagle Advisors LLC Grows Stock Position in Northrop Grumman Corporation $NOC

Glen Eagle Advisors LLC grew its holdings in Northrop Grumman Corporation (NYSE:NOC) by 127.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,870 shares of the aerospace company’s stock after acquiring an additional 2,167 shares during the quarter. Glen Eagle Advisors LLC’s holdings in Northrop Grumman were worth $2,640,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NOC. Torren Management LLC purchased a new stake in Northrop Grumman during the 4th quarter worth approximately $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman in the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman in the fourth quarter worth $29,000. Motiv8 Investments LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth $30,000. Finally, Financial Life Planners acquired a new stake in shares of Northrop Grumman during the first quarter worth $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the topic of several research reports. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Citigroup lowered their price target on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. TD Cowen dropped their price target on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. The Goldman Sachs Group cut their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, UBS Group lifted their target price on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $655.24.

Northrop Grumman Trading Up 1.0%

NYSE NOC opened at $547.42 on Tuesday. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The company has a market capitalization of $77.75 billion, a PE ratio of 17.39, a P/E/G ratio of 3.51 and a beta of -0.10. The company has a fifty day moving average of $535.73 and a 200 day moving average of $621.73.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Research analysts forecast that Northrop Grumman Corporation will post 28.98 earnings per share for the current year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were issued a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a yield of 1.8%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio is 31.39%.

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.