Sit Investment Associates Inc. Has $9.50 Million Stake in Northrop Grumman Corporation $NOC

Sit Investment Associates Inc. lifted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 173.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,667 shares of the aerospace company’s stock after purchasing an additional 10,580 shares during the period. Sit Investment Associates Inc.’s holdings in Northrop Grumman were worth $9,504,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NOC. 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 acquiring an additional 209,135 shares in the last quarter. Nkcfo LLC acquired a new stake in shares of Northrop Grumman in the 3rd quarter valued at $2,986,000. New York State Teachers Retirement System grew its holdings in shares of Northrop Grumman by 9.7% in the 4th quarter. New York State Teachers Retirement System now owns 111,927 shares of the aerospace company’s stock worth $63,822,000 after purchasing an additional 9,924 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Northrop Grumman in the 4th quarter worth about $1,987,000. Finally, Principal Financial Group Inc. increased its position in shares of Northrop Grumman by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 158,958 shares of the aerospace company’s stock worth $90,639,000 after purchasing an additional 2,025 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Down 5.1%

Shares of NYSE NOC opened at $521.85 on Friday. The firm’s 50-day simple moving average is $577.31 and its 200 day simple moving average is $630.06. The company has a market cap of $74.12 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 3.75 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 Corporation has a 12-month low of $481.28 and a 12-month high of $774.00.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. The firm 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%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts expect that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently declared 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 1.9%. This is an increase 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%.

Wall Street Analysts Forecast Growth

NOC has been the subject of several analyst reports. Raymond James Financial reissued an “outperform” rating on shares of Northrop Grumman in a report on Monday. UBS Group decreased their price objective 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. Weiss Ratings lowered shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 29th. Citigroup reduced their target price on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, BTIG Research restated a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a research report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $702.63.

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.