Quantbot Technologies LP Takes $7.53 Million Position in Northrop Grumman Corporation $NOC

Quantbot Technologies LP bought a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,790 shares of the aerospace company’s stock, valued at approximately $7,533,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Northrop Grumman in the second quarter valued at $6,001,616,000. Capital World Investors boosted its position in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after purchasing an additional 970,029 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Northrop Grumman in the 2nd quarter valued at about $376,135,000. J. Stern & Co. LLP grew its stake in shares of Northrop Grumman by 56,920.9% in the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock valued at $240,603,000 after buying an additional 421,215 shares during the period. Finally, Deutsche Bank AG bought a new stake in Northrop Grumman in the 2nd quarter valued at about $194,058,000. 83.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings downgraded Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. UBS Group raised their price objective on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group decreased their price objective on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a report on Friday, June 26th. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $661.30.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the 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 sale, the director owned 4,393 shares in the company, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Northrop Grumman Trading Down 2.1%

NYSE NOC opened at $552.29 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $541.45 and a 200 day simple moving average of $610.05. Northrop Grumman Corporation has a 12 month low of $479.02 and a 12 month high of $774.00. The firm has a market capitalization of $78.44 billion, a P/E ratio of 17.54, a PEG ratio of 3.57 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the firm earned $8.15 EPS. The business’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. On average, analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

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

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.