Forum Financial Management LP Reduces Position in Northrop Grumman Corporation $NOC

Forum Financial Management LP trimmed its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 63.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 769 shares of the aerospace company’s stock after selling 1,356 shares during the period. Forum Financial Management LP’s holdings in Northrop Grumman were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NOC. Drucker Wealth 3.0 LLC lifted its stake in Northrop Grumman by 3.2% in the first quarter. Drucker Wealth 3.0 LLC now owns 618 shares of the aerospace company’s stock worth $422,000 after purchasing an additional 19 shares during the last quarter. EWA LLC grew its stake in shares of Northrop Grumman by 11.9% during the first quarter. EWA LLC now owns 404 shares of the aerospace company’s stock valued at $276,000 after buying an additional 43 shares during the last quarter. Simmons Bank grew its stake in shares of Northrop Grumman by 330.2% during the first quarter. Simmons Bank now owns 4,633 shares of the aerospace company’s stock valued at $3,161,000 after buying an additional 3,556 shares during the last quarter. Canoe Financial LP raised its holdings in shares of Northrop Grumman by 2.2% in the first quarter. Canoe Financial LP now owns 53,353 shares of the aerospace company’s stock worth $36,400,000 after buying an additional 1,131 shares during the period. Finally, Patton Fund Management Inc. raised its holdings in shares of Northrop Grumman by 1,090.0% in the first quarter. Patton Fund Management Inc. now owns 4,998 shares of the aerospace company’s stock worth $3,410,000 after buying an additional 4,578 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NOC. Wall Street Zen cut Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. 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. Citigroup lowered their target price on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Jefferies Financial Group cut their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus target price of $700.53.

Northrop Grumman Trading Up 2.6%

NYSE:NOC opened at $508.69 on Wednesday. The firm has a 50-day simple moving average of $549.66 and a 200-day simple moving average of $627.55. Northrop Grumman Corporation has a one year low of $489.52 and a one year high of $774.00. The firm has a market cap of $72.25 billion, a P/E ratio of 15.92, a P/E/G ratio of 3.38 and a beta of -0.12. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating 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 net margin of 10.80% and a return on equity of 24.72%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

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