Bleakley Financial Group LLC Trims Holdings in Northrop Grumman Corporation $NOC

Bleakley Financial Group LLC decreased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,632 shares of the aerospace company’s stock after selling 996 shares during the period. Bleakley Financial Group LLC’s holdings in Northrop Grumman were worth $9,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Torren Management LLC purchased a new stake in shares of Northrop Grumman in the 4th quarter worth about $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman during the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the fourth quarter valued at about $29,000. Motiv8 Investments LLC bought a new position in Northrop Grumman in the fourth quarter worth about $30,000. Finally, Financial Life Planners bought a new position in Northrop Grumman in the first quarter worth about $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NOC stock opened at $541.84 on Tuesday. The firm has a 50 day moving average price of $540.52 and a 200-day moving average price of $625.71. Northrop Grumman Corporation has a 52-week low of $493.84 and a 52-week high of $774.00. The firm has a market capitalization of $76.96 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.65 and a beta of -0.10. 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 issued its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 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 analysts’ expectations of $9.75 billion. During the same period in the previous year, the firm posted $6.06 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities research analysts forecast that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 1.8%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date of this dividend was Monday, June 1st. Northrop Grumman’s dividend payout ratio is presently 30.92%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Weiss Ratings lowered Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. TD Cowen decreased their target price on Northrop Grumman from $680.00 to $580.00 and set a “hold” rating for the company in a research report on Monday. Wells Fargo & Company restated an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group dropped their price target on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average price target of $683.45.

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.