Fullerton Fund Management Co Ltd. Makes New $609,000 Investment in Northrop Grumman Corporation $NOC

Fullerton Fund Management Co Ltd. bought a new position in Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,068 shares of the aerospace company’s stock, valued at approximately $609,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC boosted its holdings in Northrop Grumman by 4.4% in the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 15 shares in the last quarter. Evolution Wealth Management Inc. increased its position 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 last quarter. Howard Financial Services LTD. increased its position 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 last quarter. Frank Rimerman Advisors LLC increased its position 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. Finally, Capital Advisors Ltd. LLC increased its position 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 last quarter. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $551.67 on Wednesday. The company has a market capitalization of $78.35 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 3.72 and a beta of -0.12. Northrop Grumman Corporation has a one year low of $481.28 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The company’s fifty day moving average price is $583.62 and its 200 day moving average price is $630.55.

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

Northrop Grumman Increases Dividend

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

Analysts Set New Price Targets

NOC has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Morgan Stanley lowered their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Citigroup lowered their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.63.

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.