Talon Private Wealth LLC Acquires New Stake in Northrop Grumman Corporation $NOC

Talon Private Wealth LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,143 shares of the aerospace company’s stock, valued at approximately $2,826,000.

Other hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC lifted its position in shares of Northrop Grumman by 4.4% during the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after acquiring an additional 15 shares during the period. Evolution Wealth Management Inc. increased its stake in Northrop Grumman by 6.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 15 shares in the last quarter. Frank Rimerman Advisors LLC raised its holdings 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 last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Northrop Grumman by 0.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock worth $2,288,000 after acquiring an additional 16 shares during the last quarter. Finally, Golden State Equity Partners raised its stake in shares of Northrop Grumman by 1.2% in the fourth quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company’s stock worth $762,000 after purchasing an additional 16 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. UBS Group boosted their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Jefferies Financial Group reduced their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. Weiss Ratings lowered shares of Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Finally, Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $659.00.

Northrop Grumman Trading Up 0.5%

Shares of Northrop Grumman stock opened at $550.37 on Wednesday. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00. The stock’s 50-day simple moving average is $535.62 and its 200 day simple moving average is $621.55. The stock has a market capitalization of $78.17 billion, a P/E ratio of 17.48, a P/E/G ratio of 3.55 and a beta of -0.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. Northrop Grumman’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $8.15 EPS. 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 Increases Dividend

The business also recently announced 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 represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is presently 31.39%.

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.