Capital Group Investment Management PTE. LTD. Boosts Stock Position in Northrop Grumman Corporation $NOC

Capital Group Investment Management PTE. LTD. lifted its position in Northrop Grumman Corporation (NYSE:NOC) by 35.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,585 shares of the aerospace company’s stock after buying an additional 2,797 shares during the quarter. Northrop Grumman accounts for approximately 1.0% of Capital Group Investment Management PTE. LTD.’s portfolio, making the stock its 27th biggest position. Capital Group Investment Management PTE. LTD.’s holdings in Northrop Grumman were worth $6,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NOC. Jennison Associates LLC raised its holdings in shares of Northrop Grumman by 272.8% in the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock valued at $229,033,000 after buying an additional 293,909 shares during the period. Holocene Advisors LP purchased a new stake in shares of Northrop Grumman in the 3rd quarter valued at $137,280,000. Vanguard Group Inc. increased its holdings in Northrop Grumman by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after purchasing an additional 209,135 shares during the period. M&T Bank Corp increased its holdings in Northrop Grumman by 1,086.5% during the 4th quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock worth $109,813,000 after purchasing an additional 176,352 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Northrop Grumman by 7,202.7% during the 4th quarter. SG Americas Securities LLC now owns 167,232 shares of the aerospace company’s stock worth $95,357,000 after purchasing an additional 164,942 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Trading Down 0.1%

NYSE:NOC opened at $544.73 on Friday. The stock’s 50 day moving average price is $603.63 and its 200 day moving average price is $631.07. The company has a market capitalization of $77.37 billion, a PE ratio of 17.05, a P/E/G ratio of 3.71 and a beta of -0.12. 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 52-week low of $472.02 and a 52-week high of $774.00.

Northrop Grumman (NYSE:NOC) last released 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. The firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be given a dividend of $2.47 per share. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 30.92%.

Wall Street Analyst Weigh In

NOC has been the topic of several recent research reports. Weiss Ratings downgraded Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. 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. Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. BTIG Research restated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and a consensus target price of $702.63.

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.