Deutsche Bank AG Buys 50,346 Shares of Northrop Grumman Corporation $NOC

Deutsche Bank AG increased its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,803 shares of the aerospace company’s stock after buying an additional 50,346 shares during the quarter. Deutsche Bank AG owned 0.39% of Northrop Grumman worth $312,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Torren Management LLC purchased a new stake in Northrop Grumman in the 4th quarter valued at $26,000. Financial Life Planners purchased a new stake in Northrop Grumman in the 3rd quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman in the 4th quarter valued at $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Northrop Grumman in the 3rd quarter valued at $32,000. Finally, Wexford Capital LP purchased a new stake in Northrop Grumman in the 3rd quarter valued at $33,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on NOC shares. BTIG Research reissued a “buy” rating and issued a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Morgan Stanley lowered their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings lowered Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Wells Fargo & Company began coverage on Northrop Grumman in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price target for the company. Finally, Citigroup dropped 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. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $702.63.

Northrop Grumman Stock Performance

Shares of NOC opened at $542.55 on Thursday. The firm has a market cap of $77.06 billion, a PE ratio of 16.98, a PEG ratio of 3.74 and a beta of -0.12. The stock’s fifty day moving average price is $595.41 and its two-hundred day moving average price is $631.06. 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 Corporation has a 1 year low of $472.02 and a 1 year high of $774.00.

Northrop Grumman (NYSE:NOC) last issued its 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 for the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts forecast that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st will be paid a $2.47 dividend. The ex-dividend date is Monday, June 1st. 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%. 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.