Skandinaviska Enskilda Banken AB publ Acquires Shares of 1,371 Northrop Grumman Corporation $NOC

Skandinaviska Enskilda Banken AB publ bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,371 shares of the aerospace company’s stock, valued at approximately $835,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOC. Brighton Jones LLC grew its holdings in Northrop Grumman by 176.3% in the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after buying an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after acquiring an additional 32 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Northrop Grumman by 367.7% in the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock valued at $1,288,000 after purchasing an additional 1,978 shares during the period. Cullen Frost Bankers Inc. increased its position in Northrop Grumman by 3.0% during the second quarter. Cullen Frost Bankers Inc. now owns 1,246 shares of the aerospace company’s stock worth $623,000 after purchasing an additional 36 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Northrop Grumman by 3.8% during the second quarter. D.A. Davidson & CO. now owns 9,342 shares of the aerospace company’s stock worth $4,671,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Trading Down 1.9%

Shares of NYSE NOC opened at $722.73 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $102.57 billion, a PE ratio of 24.81, a PEG ratio of 5.37 and a beta of 0.04. Northrop Grumman Corporation has a twelve month low of $437.83 and a twelve month high of $745.55. The stock has a fifty day simple moving average of $642.66 and a 200-day simple moving average of $603.76.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating analysts’ consensus estimates of $6.97 by $0.26. The company had revenue of $11.71 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.Northrop Grumman’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted $6.39 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts forecast that Northrop Grumman Corporation will post 28.05 earnings per share for the current year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Monday, February 23rd will be issued a $2.31 dividend. The ex-dividend date is Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.3%. Northrop Grumman’s payout ratio is 31.72%.

Wall Street Analysts Forecast Growth

NOC has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of Northrop Grumman from $715.00 to $750.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $727.00 target price on shares of Northrop Grumman in a research note on Monday, January 12th. Truist Financial restated a “hold” rating and issued a $623.00 target price (down previously from $688.00) on shares of Northrop Grumman in a research report on Friday, January 9th. Bank of America increased their price target on Northrop Grumman from $685.00 to $750.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, UBS Group boosted their price objective on shares of Northrop Grumman from $777.00 to $778.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $693.60.

Insider Buying and Selling at Northrop Grumman

In other Northrop Grumman news, CAO Michael A. Hardesty sold 147 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $732.98, for a total transaction of $107,748.06. Following the sale, the chief accounting officer directly owned 2,525 shares in the company, valued at $1,850,774.50. This represents a 5.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kathy J. Warden sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the completion of the transaction, the chief executive officer directly owned 171,602 shares of the company’s stock, valued at $121,634,929.64. This represents a 10.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,528 shares of company stock valued at $22,024,120 in the last 90 days. Corporate insiders own 0.23% of the company’s stock.

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.