Northrop Grumman Corporation $NOC Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 2,414.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,358 shares of the aerospace company’s stock after acquiring an additional 26,270 shares during the period. Engineers Gate Manager LP’s holdings in Northrop Grumman were worth $13,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cidel Asset Management Inc. boosted its holdings in Northrop Grumman by 3.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,075 shares of the aerospace company’s stock worth $548,000 after acquiring an additional 34 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Northrop Grumman by 19.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 547 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 88 shares during the period. RFG Advisory LLC lifted its position in shares of Northrop Grumman by 379.0% during the second quarter. RFG Advisory LLC now owns 3,224 shares of the aerospace company’s stock worth $1,642,000 after purchasing an additional 2,551 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Northrop Grumman by 0.8% in the second quarter. Arizona State Retirement System now owns 37,441 shares of the aerospace company’s stock valued at $19,069,000 after purchasing an additional 292 shares during the period. Finally, West Family Investments Inc. boosted its stake in shares of Northrop Grumman by 37.5% in the second quarter. West Family Investments Inc. now owns 1,272 shares of the aerospace company’s stock valued at $648,000 after purchasing an additional 347 shares during the period. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Up 0.6%

NYSE:NOC opened at $518.78 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. The company has a market capitalization of $73.68 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.02 and a beta of -0.11. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The stock has a 50-day simple moving average of $544.55 and a 200 day simple moving average of $592.57.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 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 return on equity of 24.25% and a net margin of 10.48%.Northrop Grumman’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts predict that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, August 31st. Northrop Grumman’s dividend payout ratio is 31.39%.

Insider Activity

In other news, Director Mark 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 directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NOC. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a research note on Wednesday, July 8th. JPMorgan Chase & Co. lowered their target price on Northrop Grumman from $635.00 to $600.00 and set a “neutral” rating for the company in a research note on Thursday, July 23rd. Jefferies Financial Group dropped their target price on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. UBS Group increased their price target on Northrop Grumman from $685.00 to $704.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Morgan Stanley set a $745.00 price objective on Northrop Grumman in a research note on Wednesday, July 15th. One equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $662.25.

Northrop Grumman Company Profile

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.