Bearing Point Capital LLC Boosts Stock Holdings in Northrop Grumman Corporation $NOC

Bearing Point Capital LLC lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 10.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,816 shares of the aerospace company’s stock after purchasing an additional 919 shares during the period. Bearing Point Capital LLC’s holdings in Northrop Grumman were worth $5,597,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the third quarter worth about $27,000. Torren Management LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth about $26,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Northrop Grumman by 200.0% during the third quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 32 shares during the period. Hopwood Financial Services Inc. purchased a new stake in shares of Northrop Grumman during the third quarter worth about $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Northrop Grumman during the fourth quarter worth about $29,000. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NOC. UBS Group lowered their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Jefferies Financial Group lowered their price objective on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup lowered their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a report on Monday, May 18th. Morgan Stanley lowered their price objective on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, BTIG Research restated a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $562.67 on Friday. Northrop Grumman Corporation has a fifty-two week low of $468.50 and a fifty-two week high of $774.00. The company has a 50 day simple moving average of $619.26 and a two-hundred day simple moving average of $631.86. The company has a market capitalization of $79.92 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 3.84 and a beta of -0.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the firm earned $6.06 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts expect that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be issued a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is presently 28.92%.

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.