O Shaughnessy Asset Management LLC Reduces Holdings in Northrop Grumman Corporation $NOC

O Shaughnessy Asset Management LLC trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 26,946 shares of the aerospace company’s stock after selling 1,911 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Northrop Grumman were worth $15,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC boosted its stake in Northrop Grumman by 4.4% during the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after buying an additional 15 shares during the period. Evolution Wealth Management Inc. boosted its stake in Northrop Grumman by 6.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after buying an additional 15 shares during the period. Howard Financial Services LTD. boosted its stake in Northrop Grumman by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock worth $651,000 after buying an additional 16 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Northrop Grumman by 0.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock worth $1,125,000 after buying an additional 16 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in Northrop Grumman by 0.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock worth $2,288,000 after buying an additional 16 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Morgan Stanley decreased their target price on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. UBS Group decreased their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Jefferies Financial Group decreased their price objective on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Finally, Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $702.63.

Northrop Grumman Stock Up 1.2%

NYSE:NOC opened at $547.45 on Wednesday. Northrop Grumman Corporation has a 1-year low of $472.02 and a 1-year high of $774.00. The company has a 50-day moving average of $597.96 and a 200 day moving average of $631.24. The firm has a market cap of $77.75 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 3.69 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the firm earned $6.06 earnings per share. The firm’s revenue for the quarter 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, research analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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

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.