Diversified Trust Co Buys 1,581 Shares of Northrop Grumman Corporation $NOC

Diversified Trust Co increased its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 39.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,613 shares of the aerospace company’s stock after buying an additional 1,581 shares during the quarter. Diversified Trust Co’s holdings in Northrop Grumman were worth $3,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NOC. Brighton Jones LLC raised its stake in shares of Northrop Grumman by 176.3% in the fourth quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after purchasing an additional 1,895 shares in the last quarter. Bison Wealth LLC boosted its stake in Northrop Grumman by 5.3% during the fourth quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after buying an additional 32 shares in the last quarter. Woodline Partners LP boosted its stake in Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after buying an additional 1,978 shares in the last quarter. AXA S.A. increased its holdings in Northrop Grumman by 1,487.8% in the 2nd quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock valued at $8,169,000 after buying an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Northrop Grumman by 6.7% in the 2nd quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock valued at $4,432,000 after buying an additional 553 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NOC shares. Weiss Ratings cut shares of Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price on the stock. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Citigroup cut their price target on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Jefferies Financial Group decreased their price objective on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Stock Up 0.1%

NOC opened at $521.85 on Monday. The firm has a market cap of $74.12 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 3.56 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The firm’s 50-day simple moving average is $574.00 and its 200-day simple moving average is $629.90. Northrop Grumman Corporation has a twelve month low of $481.28 and a twelve month high of $774.00.

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

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were paid a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio is presently 30.92%.

Northrop Grumman Company 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.