Versor Investments LP Invests $620,000 in Northrop Grumman Corporation $NOC

Versor Investments LP bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,088 shares of the aerospace company’s stock, valued at approximately $620,000.

A number of other hedge funds have also modified their holdings of NOC. Brighton Jones LLC grew its position in shares of Northrop Grumman by 176.3% during the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the last quarter. Bison Wealth LLC grew its position in shares of Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares during the last quarter. Woodline Partners LP grew its position in shares of Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after acquiring an additional 1,978 shares during the last quarter. AXA S.A. grew its position in shares of Northrop Grumman by 1,487.8% during the second quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after acquiring an additional 15,309 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after acquiring an additional 553 shares during the last quarter. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $765.00 target price on shares of Northrop Grumman in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Northrop Grumman in a report on Monday, March 23rd. Susquehanna reaffirmed a “positive” rating and set a $752.00 price target on shares of Northrop Grumman in a report on Thursday, January 15th. TD Cowen reaffirmed a “hold” rating on shares of Northrop Grumman in a report on Wednesday, January 28th. Finally, BTIG Research reaffirmed a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus target price of $710.74.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $551.26 on Thursday. Northrop Grumman Corporation has a one year low of $453.01 and a one year 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 business has a fifty day moving average of $664.09 and a two-hundred day moving average of $634.66. The company has a market cap of $78.30 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 3.81 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The company had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the company earned $6.06 earnings per share. Northrop Grumman’s quarterly 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, analysts predict that Northrop Grumman Corporation will post 27.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Northrop Grumman news, CAO Michael A. Hardesty sold 147 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $732.98, for a total value of $107,748.06. Following the completion of the sale, the chief accounting officer owned 2,525 shares of the company’s stock, valued at approximately $1,850,774.50. This trade represents a 5.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Benjamin R. Davies sold 2,189 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the completion of the sale, the vice president directly owned 151 shares of the company’s stock, valued at approximately $108,661.11. This trade represents a 93.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is currently owned by company insiders.

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.