Bank of New York Mellon Corp Buys 100,939 Shares of Northrop Grumman Corporation $NOC

Bank of New York Mellon Corp boosted its stake in Northrop Grumman Corporation (NYSE:NOC) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,152,165 shares of the aerospace company’s stock after acquiring an additional 100,939 shares during the period. Bank of New York Mellon Corp’s holdings in Northrop Grumman were worth $656,976,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Northrop Grumman in the third quarter valued at approximately $27,000. Torren Management LLC bought a new stake in Northrop Grumman in the fourth quarter valued at approximately $26,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock worth $29,000 after buying an additional 32 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in shares of Northrop Grumman during the 3rd quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman during the 4th quarter worth approximately $29,000. 83.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NOC shares. Wells Fargo & Company started coverage on Northrop Grumman in a report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target on the stock. UBS Group cut their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings cut Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Morgan Stanley cut their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Citigroup cut their price target on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Price Performance

Shares of NYSE:NOC opened at $527.19 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Northrop Grumman Corporation has a twelve month low of $472.02 and a twelve month high of $774.00. The stock’s 50 day moving average is $609.30 and its 200-day moving average is $631.77. The firm has a market capitalization of $74.88 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 3.66 and a beta of -0.12.

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

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be given a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is currently 30.92%.

About Northrop Grumman

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.