Deutsche Bank AG Makes New Investment in Northrop Grumman Corporation $NOC

Deutsche Bank AG acquired a new stake in Northrop Grumman Corporation (NYSE:NOCFree Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 381,021 shares of the aerospace company’s stock, valued at approximately $194,058,000. Deutsche Bank AG owned 0.27% of Northrop Grumman as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC purchased a new stake in Northrop Grumman during the 2nd quarter worth about $2,450,000. Trust Co. of Vermont purchased a new position in shares of Northrop Grumman in the 2nd quarter valued at about $577,000. Principle Wealth Partners LLC acquired a new position in shares of Northrop Grumman during the second quarter worth about $1,106,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Northrop Grumman during the second quarter worth about $180,057,000. Finally, Beverly Hills Private Wealth LLC purchased a new stake in shares of Northrop Grumman during the second quarter worth approximately $268,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NOC. Citigroup lifted their price objective on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. BTIG Research reissued a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a research note on Wednesday, August 5th. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Susquehanna lowered their price objective on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating for the company in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $659.30.

Read Our Latest Report on Northrop Grumman

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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Northrop Grumman Stock Up 3.5%

NOC opened at $589.95 on Wednesday. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The business has a 50 day moving average price of $540.34 and a two-hundred day moving average price of $612.15. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The company has a market cap of $83.79 billion, a PE ratio of 18.74, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOCGet Free Report) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the company posted $8.15 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, research analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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