Hsbc Holdings PLC Has $201.68 Million Stock Position in Northrop Grumman Corporation $NOC

Hsbc Holdings PLC grew its position in Northrop Grumman Corporation (NYSE:NOC) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 353,291 shares of the aerospace company’s stock after acquiring an additional 21,217 shares during the quarter. Hsbc Holdings PLC owned 0.25% of Northrop Grumman worth $201,684,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted 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 buying an additional 209,135 shares in the last quarter. Capital World Investors lifted its holdings in shares of Northrop Grumman by 39.4% during the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock worth $1,958,151,000 after acquiring an additional 970,029 shares during the period. Geode Capital Management LLC increased its stake in Northrop Grumman by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,149,478 shares of the aerospace company’s stock valued at $1,793,478,000 after acquiring an additional 17,948 shares during the period. Franklin Resources Inc. raised its position in Northrop Grumman by 4.3% in the fourth quarter. Franklin Resources Inc. now owns 3,125,139 shares of the aerospace company’s stock worth $1,781,986,000 after purchasing an additional 128,855 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Northrop Grumman by 3.9% during the fourth quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock worth $950,265,000 after purchasing an additional 62,817 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NOC shares. Wells Fargo & Company initiated coverage on Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price objective on the stock. Weiss Ratings lowered Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Jefferies Financial Group reduced their target price 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. BTIG Research reiterated a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Finally, Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Trading Up 0.1%

NOC opened at $521.85 on Friday. Northrop Grumman Corporation has a 1-year low of $481.28 and a 1-year high of $774.00. The stock has a market capitalization of $74.12 billion, a PE ratio of 16.33, a PEG ratio of 3.56 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. The firm has a 50-day moving average price of $574.00 and a two-hundred day moving average price of $629.31.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating 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 business had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the firm earned $6.06 earnings per share. Northrop Grumman’s revenue 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 analysts anticipate that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st were given a dividend of $2.47 per share. The ex-dividend date was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.9%. Northrop Grumman’s dividend payout ratio is presently 30.92%.

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.