Northrop Grumman Corporation $NOC Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,927 shares of the aerospace company’s stock after purchasing an additional 1,300 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Northrop Grumman were worth $28,469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Torren Management LLC acquired a new position in Northrop Grumman during the fourth quarter worth approximately $26,000. Financial Life Planners acquired a new position in Northrop Grumman during the third quarter worth approximately $27,000. Physician Wealth Advisors Inc. increased its position in Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Northrop Grumman during the fourth quarter worth approximately $29,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Northrop Grumman in the third quarter worth $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NOC shares. UBS Group dropped their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Morgan Stanley dropped their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. BTIG Research reissued a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Jefferies Financial Group dropped their price objective on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Finally, Citigroup dropped their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Price Performance

NOC opened at $538.94 on Tuesday. The firm has a market cap of $76.54 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 3.84 and a beta of -0.12. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a twelve month low of $472.02 and a twelve month high of $774.00. The company has a fifty day simple moving average of $615.77 and a 200 day simple moving average of $632.15.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $6.06 by $0.08. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities research analysts expect that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be issued a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.8%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is 28.92%.

Northrop Grumman Company 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.