QRG Capital Management Inc. Boosts Stock Position in Northrop Grumman Corporation $NOC

QRG Capital Management Inc. grew its position in shares of Northrop Grumman Corporation (NYSE:NOC) by 35.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,689 shares of the aerospace company’s stock after purchasing an additional 1,479 shares during the quarter. QRG Capital Management Inc.’s holdings in Northrop Grumman were worth $3,882,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NOC. Capital World Investors grew its position in 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 acquiring an additional 970,029 shares during the last quarter. J. Stern & Co. LLP lifted its holdings in shares of Northrop Grumman by 56,920.9% in the 4th quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after acquiring an additional 421,215 shares during the last quarter. Jennison Associates LLC lifted 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 worth $229,033,000 after acquiring an additional 293,909 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of Northrop Grumman in the 3rd quarter valued at $137,280,000. Finally, Vanguard Group Inc. boosted its stake in shares of Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock valued at $7,835,097,000 after purchasing an additional 209,135 shares in the last quarter. 83.40% of the stock is owned by hedge funds and other institutional investors.

Northrop Grumman Stock Down 0.2%

Shares of NYSE NOC opened at $547.81 on Monday. 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 $493.84 and a 52 week high of $774.00. The firm’s fifty day moving average is $544.85 and its 200 day moving average is $626.92. The company has a market cap of $77.81 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 3.74 and a beta of -0.10.

Northrop Grumman (NYSE:NOC) last posted its quarterly 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. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities research analysts expect that Northrop Grumman Corporation will post 27.95 earnings per share for the current year.

Northrop Grumman Increases Dividend

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

Analysts Set New Price Targets

NOC has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Jefferies Financial Group cut their price target on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. BTIG Research reaffirmed a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Finally, Citigroup lowered their target price on Northrop Grumman from $628.00 to $587.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $698.37.

Northrop Grumman News Summary

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman won a roughly $312.34 million contract modification to keep producing Surface Electronic Warfare Improvement Program (SEWIP) Block 3 systems for the U.S. Navy, extending work through August 2029 and reinforcing multi-year revenue visibility. Article Title
• Positive Sentiment: Additional coverage highlighted the award as evidence of strong demand for advanced electronic warfare and mission-critical defense technology, which supports the bullish case for NOC’s order pipeline. Article Title
• Positive Sentiment: Analysts and market commentary also pointed to Northrop Grumman’s recent contract wins in space, propulsion, and missile systems, plus its reaffirmed 2026 outlook and upcoming July 21 earnings date, as reasons investors are rotating into the stock. Article Title

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.