Everett Harris & Co. CA Buys New Position in Northrop Grumman Corporation $NOC

Everett Harris & Co. CA bought a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 1,324 shares of the aerospace company’s stock, valued at approximately $674,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Torren Management LLC purchased a new position in shares of Northrop Grumman in the fourth quarter valued at approximately $26,000. Karpus Management Inc. purchased a new stake in Northrop Grumman during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman during the 4th quarter worth approximately $29,000. Perkins Coie Trust Co acquired a new stake in Northrop Grumman during the 2nd quarter worth approximately $29,000. Finally, Financial Life Planners acquired a new stake in Northrop Grumman during the 1st quarter worth approximately $30,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NOC shares. Weiss Ratings lowered Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research note on Wednesday, July 15th. Susquehanna decreased their target price on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a report on Wednesday, July 22nd. UBS Group boosted their target price on Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company restated an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $659.30.

Insider Activity

In other news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $585.18 on Friday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The firm’s fifty day simple moving average is $538.88 and its 200-day simple moving average is $613.93. The firm has a market capitalization of $83.11 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 3.72 and a beta of -0.11. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a dividend of $2.47 per share. 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. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

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.