Bleakley Financial Group LLC Decreases Position in Northrop Grumman Corporation $NOC

Bleakley Financial Group LLC lessened its position in Northrop Grumman Corporation (NYSE:NOC) by 6.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,632 shares of the aerospace company’s stock after selling 996 shares during the period. Bleakley Financial Group LLC’s holdings in Northrop Grumman were worth $9,300,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NOC. Torren Management LLC purchased a new position in Northrop Grumman in the 4th quarter worth approximately $26,000. Karpus Management Inc. purchased a new stake in Northrop Grumman during the 4th quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Northrop Grumman during the 4th quarter valued at $29,000. Motiv8 Investments LLC bought a new stake in shares of Northrop Grumman in the 4th quarter worth $30,000. Finally, Financial Life Planners bought a new stake in shares of Northrop Grumman in the 1st quarter worth $30,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

NYSE NOC opened at $541.84 on Tuesday. The business’s fifty day moving average price is $540.52 and its 200-day moving average price is $625.71. The stock has a market capitalization of $76.96 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.65 and a beta of -0.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. Northrop Grumman Corporation has a 1-year low of $493.84 and a 1-year 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 the consensus estimate 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 return on equity of 24.72% and a net margin of 10.80%.Northrop Grumman’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts predict that Northrop Grumman Corporation will post 27.95 earnings per share for the current year.

Northrop Grumman Increases Dividend

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

Analysts Set New Price Targets

NOC has been the topic of a number of research analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 price target on shares of Northrop Grumman in a report on Wednesday, July 8th. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Morgan Stanley decreased their target price on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Finally, BTIG Research reaffirmed a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $683.45.

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.