Northrop Grumman Corporation $NOC Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 104.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,780 shares of the aerospace company’s stock after buying an additional 1,928 shares during the period. Aigen Investment Management LP’s holdings in Northrop Grumman were worth $2,155,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NOC. Capital World Investors lifted its stake in shares of Northrop Grumman by 39.4% during the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after buying an additional 970,029 shares during the period. Jennison Associates LLC raised its stake in Northrop Grumman by 272.8% during the fourth quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after purchasing an additional 293,909 shares during the period. Holocene Advisors LP purchased a new position in Northrop Grumman during the third quarter worth approximately $137,280,000. Vanguard Group Inc. raised its stake in Northrop Grumman by 1.5% during the fourth 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. Finally, M&T Bank Corp raised its stake in Northrop Grumman by 1,086.5% during the fourth 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. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC stock opened at $549.42 on Friday. The company’s fifty day simple moving average is $589.86 and its 200-day simple moving average is $630.38. Northrop Grumman Corporation has a 52 week low of $481.28 and a 52 week high of $774.00. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. The company has a market cap of $78.03 billion, a PE ratio of 17.20, a P/E/G ratio of 3.75 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last 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. As a group, equities research analysts anticipate 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 paid a $2.47 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s payout ratio is 30.92%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NOC. UBS Group cut their price target on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Citigroup cut their price target on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Wells Fargo & Company began coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target on the stock. Jefferies Financial Group cut their price target on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.