Resona Asset Management Co. Ltd. Boosts Position in Northrop Grumman Corporation $NOC

Resona Asset Management Co. Ltd. increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,767 shares of the aerospace company’s stock after acquiring an additional 1,090 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Northrop Grumman were worth $34,553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Northrop Grumman by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after purchasing an additional 209,135 shares during the period. Capital World Investors grew its stake in shares of Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after buying an additional 970,029 shares during the period. Geode Capital Management LLC grew its stake in shares of Northrop Grumman by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after buying an additional 17,948 shares during the period. Franklin Resources Inc. increased its holdings in shares of Northrop Grumman by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after buying an additional 128,855 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Northrop Grumman by 3.9% during the 4th quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after buying an additional 62,817 shares during the last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group decreased their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. UBS Group cut their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings downgraded Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. BTIG Research reaffirmed a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Finally, Morgan Stanley lowered their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. One 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $688.89.

Northrop Grumman Stock Down 0.9%

Northrop Grumman stock opened at $544.02 on Thursday. The company has a market capitalization of $77.27 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 3.74 and a beta of -0.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. Northrop Grumman Corporation has a fifty-two week low of $493.84 and a fifty-two week high of $774.00. The firm has a 50 day moving average price of $542.88 and a 200 day moving average price of $626.56.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the firm earned $6.06 earnings per share. The firm’s 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. Research analysts expect that Northrop Grumman Corporation will post 27.95 earnings per share for the current year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were paid a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is currently 30.92%.

Northrop Grumman News Summary

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: NATO allies plan to acquire up to five Northrop Grumman MQ-4C Triton drones, with Norway, Finland, Germany and Denmark among the participating countries, highlighting new international demand for the company’s surveillance systems. Northrop Grumman (NOC) Wins NATO Backing For Up To Five Triton Drones
• Positive Sentiment: Northrop Grumman was also named as a top pick in billionaire Jeffrey Talpins’ filings, adding investor attention and signaling confidence in the defense contractor’s long-term prospects. Northrop Grumman Corporation (NOC) Is A Top Pick In Billionaire Talpins’ Filings
• Neutral Sentiment: Recent commentary says Northrop Grumman looks fairly priced after its strong multi-year run, suggesting the stock may have less obvious upside from valuation alone even as defense demand remains supportive. Northrop Grumman (NOC) Stock Looks Fairly Priced Following A 62% Run
• Neutral Sentiment: Analyst updates have also pointed to cost and capital spending pressures, which may keep some investors cautious despite the company’s strong defense backlog and contract opportunities. Northrop Grumman (NOC) After Talpins Interest And Cost Concerns, Bargain Or Fairly Valued?
• Negative Sentiment: Some recent coverage suggests Northrop Grumman’s valuation is no longer deeply discounted, which could limit near-term upside if investors focus more on execution and margin pressures than on new contract wins. Northrop Grumman: Trump’s Betting On A More Dangerous World

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.