UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,803 Shares of Northrop Grumman Corporation $NOC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 665,263 shares of the aerospace company’s stock after selling 2,803 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.47% of Northrop Grumman worth $338,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NOC. BlackRock Inc. bought a new stake in shares of Northrop Grumman in the 2nd quarter worth approximately $6,001,616,000. Bank of America Corp DE bought a new stake in shares of Northrop Grumman during the second quarter valued at approximately $1,298,141,000. Capital World Investors raised its holdings in Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Northrop Grumman in the 2nd quarter valued at approximately $376,135,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Northrop Grumman during the second quarter valued at $44,039,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NOC. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research report on Wednesday, July 22nd. Morgan Stanley set a $745.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 15th. TD Cowen increased their price objective on shares of Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft set a $615.00 target price on shares of Northrop Grumman in a report on Wednesday, July 22nd. Finally, UBS Group lifted their target price on shares of Northrop Grumman from $666.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $661.30.

Northrop Grumman Price Performance

NYSE NOC opened at $539.79 on Tuesday. Northrop Grumman Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The firm has a market capitalization of $76.67 billion, a P/E ratio of 17.15, a PEG ratio of 3.53 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 company has a 50-day moving average price of $542.99 and a 200-day moving average price of $603.09.

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. The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $8.15 earnings per share. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Equities research analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given 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%.

Insider Transactions at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was 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 $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

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.