Havemeyer Place LP Makes New Investment in Northrop Grumman Corporation $NOC

Havemeyer Place LP bought a new stake in Northrop Grumman Corporation (NYSE:NOC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,094 shares of the aerospace company’s stock, valued at approximately $624,000.

A number of other hedge funds have also recently made changes to their positions in the company. Financial Life Planners acquired a new stake in Northrop Grumman during the 3rd quarter worth approximately $27,000. Torren Management LLC bought a new stake in Northrop Grumman during the 4th quarter worth approximately $26,000. Hopwood Financial Services Inc. acquired a new position in Northrop Grumman in the 3rd quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Northrop Grumman during the fourth quarter valued at $29,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Northrop Grumman during the third quarter valued at $32,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NOC shares. Argus set a $785.00 price objective on shares of Northrop Grumman in a research note on Tuesday, February 10th. UBS Group lowered their target price on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings downgraded Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Wells Fargo & Company assumed coverage on Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and a consensus target price of $702.63.

Northrop Grumman Trading Down 0.8%

NOC opened at $539.96 on Tuesday. Northrop Grumman Corporation has a twelve month low of $472.02 and a twelve month high of $774.00. The company has a fifty day moving average of $600.59 and a 200-day moving average of $631.37. The stock has a market cap of $76.69 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 3.71 and a beta of -0.12. 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 (NYSE:NOC) last released 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 business had revenue of $9.88 billion for 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%. Northrop Grumman’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, sell-side analysts predict 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. Investors of record on Monday, June 1st will be given a dividend of $2.47 per share. This represents a $9.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is currently 30.92%.

Northrop Grumman 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.