Korea Investment CORP Has $56.10 Million Holdings in Northrop Grumman Corporation $NOC

Korea Investment CORP boosted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 45.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,142 shares of the aerospace company’s stock after purchasing an additional 34,426 shares during the period. Korea Investment CORP’s holdings in Northrop Grumman were worth $56,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Torren Management LLC bought a new stake in shares of Northrop Grumman in the fourth quarter valued at about $26,000. Karpus Management Inc. bought a new position in shares of Northrop Grumman during the fourth quarter worth about $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman during the fourth quarter worth about $29,000. Perkins Coie Trust Co bought a new position in shares of Northrop Grumman during the second quarter worth about $29,000. Finally, Financial Life Planners acquired a new stake in Northrop Grumman in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Down 2.1%

NYSE:NOC opened at $552.29 on Friday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The firm has a market capitalization of $78.44 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 3.57 and a beta of -0.11. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $541.45 and its two-hundred day moving average price is $610.05.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm posted $8.15 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be paid a $2.47 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares of the company’s stock, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen boosted their target price on Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a research note on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and issued a $653.00 price objective on shares of Northrop Grumman in a report on Wednesday, August 5th. The Goldman Sachs Group cut their price objective on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. UBS Group increased their target price 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. Finally, Deutsche Bank Aktiengesellschaft set a $615.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 22nd. One 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 stock. According to MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and an average price target of $661.30.

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.