Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $17.79 Million Stock Position in Northrop Grumman Corporation $NOC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Northrop Grumman Corporation (NYSE:NOC) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,206 shares of the aerospace company’s stock after selling 1,114 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Northrop Grumman were worth $17,794,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NOC. Financial Life Planners acquired a new stake in Northrop Grumman during the third quarter worth approximately $27,000. Torren Management LLC acquired a new stake in Northrop Grumman during the fourth quarter worth approximately $26,000. Physician Wealth Advisors Inc. lifted its position in 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 acquiring an additional 32 shares during the last quarter. Hopwood Financial Services Inc. acquired a new stake in Northrop Grumman during the third quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Northrop Grumman during the fourth quarter worth approximately $29,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NOC. Argus set a $785.00 price objective on shares of Northrop Grumman in a research report on Tuesday, February 10th. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective for the company. UBS Group cut their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Citigroup cut their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Stock Down 0.2%

Shares of NOC opened at $562.67 on Monday. Northrop Grumman Corporation has a 12 month low of $468.50 and a 12 month high of $774.00. The firm’s 50 day moving average is $619.26 and its 200-day moving average is $632.35. The stock has a market capitalization of $79.92 billion, a PE ratio of 17.61, a P/E/G ratio of 3.84 and a beta of -0.12. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84.

Northrop Grumman (NYSE:NOC) last announced its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping the consensus estimate of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period 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. Equities research analysts forecast that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be issued a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. Northrop Grumman’s payout ratio is 28.92%.

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.