Northrop Grumman Corporation $NOC Shares Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC raised its position in Northrop Grumman Corporation (NYSE:NOC) by 153.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,867 shares of the aerospace company’s stock after buying an additional 1,130 shares during the period. Evolve Private Wealth LLC’s holdings in Northrop Grumman were worth $1,274,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NOC. Brighton Jones LLC grew its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock valued at $1,394,000 after acquiring an additional 1,895 shares during the period. Bison Wealth LLC increased its stake in shares of Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 32 shares in the last quarter. Woodline Partners LP raised its holdings in Northrop Grumman by 367.7% in the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after purchasing an additional 1,978 shares during the period. AXA S.A. raised 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 worth $8,169,000 after purchasing an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Northrop Grumman by 6.7% during the second quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after purchasing an additional 553 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Analyst Ratings Changes

NOC has been the topic of several research analyst reports. Weiss Ratings lowered Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Citigroup reduced their target price on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. UBS Group decreased their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley dropped their price target on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Price Performance

Shares of Northrop Grumman stock opened at $513.27 on Wednesday. The business has a 50 day simple moving average of $567.10 and a two-hundred day simple moving average of $629.33. Northrop Grumman Corporation has a 12 month low of $481.28 and a 12 month high of $774.00. The stock has a market capitalization of $72.90 billion, a P/E ratio of 16.06, a PEG ratio of 3.46 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the company posted $6.06 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts predict 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 was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a $2.47 dividend. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 30.92%.

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.