Northrop Grumman Corporation $NOC Shares Sold by Clough Capital Partners L P

Clough Capital Partners L P cut its position in Northrop Grumman Corporation (NYSE:NOC) by 35.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,316 shares of the aerospace company’s stock after selling 8,452 shares during the period. Clough Capital Partners L P’s holdings in Northrop Grumman were worth $8,733,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NOC. Torren Management LLC acquired a new stake in Northrop Grumman during the fourth quarter worth about $26,000. Karpus Management Inc. acquired a new stake in Northrop Grumman during the fourth quarter worth about $26,000. Financial Life Planners acquired a new stake in Northrop Grumman during the third quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman during the fourth quarter worth about $29,000. Finally, Motiv8 Investments LLC acquired a new stake in Northrop Grumman during the fourth quarter worth about $30,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 0.3%

NOC opened at $549.64 on Thursday. Northrop Grumman Corporation has a twelve month low of $481.28 and a twelve month high of $774.00. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average of $580.68 and a 200-day moving average of $630.42. The stock has a market cap of $78.07 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 3.76 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last posted 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 analysts’ expectations of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. Northrop Grumman’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a $2.47 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s dividend payout ratio is 30.92%.

Analyst Upgrades and Downgrades

Several analysts recently commented on NOC shares. BTIG Research reaffirmed a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Citigroup lowered their price target on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Jefferies Financial Group lowered their price target on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Finally, UBS Group lowered their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Two investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $702.63.

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.