Northrop Grumman Corporation $NOC Position Increased by RFG Advisory LLC

RFG Advisory LLC grew its position in Northrop Grumman Corporation (NYSE:NOC) by 379.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,224 shares of the aerospace company’s stock after buying an additional 2,551 shares during the quarter. RFG Advisory LLC’s holdings in Northrop Grumman were worth $1,642,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman in the 4th quarter valued at approximately $26,000. Perkins Coie Trust Co acquired a new stake in Northrop Grumman during the 2nd quarter valued at $29,000. Financial Life Planners acquired a new stake in Northrop Grumman during the 1st quarter valued at $30,000. Navigoe LLC purchased a new stake in shares of Northrop Grumman in the second quarter valued at $30,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Northrop Grumman in the second quarter worth $30,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $518.19 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. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The business has a fifty day simple moving average of $543.96 and a 200 day simple moving average of $592.05. The firm has a market cap of $73.60 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 3.04 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The firm had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $8.15 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts predict 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. Investors of record on Monday, August 31st will be paid a $2.47 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $9.88 annualized dividend and a dividend yield of 1.9%. Northrop Grumman’s payout ratio is presently 31.39%.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction that occurred on 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 directly owned 4,393 shares in the company, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Susquehanna lowered their price target on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $653.00 price objective on shares of Northrop Grumman in a research note on Wednesday, August 5th. 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 research report on Friday, June 26th. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Finally, TD Cowen increased their price target on shares of Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently 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.