Longfellow Investment Management Co. LLC Takes Position in Northrop Grumman Corporation $NOC

Longfellow Investment Management Co. LLC purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,268 shares of the aerospace company’s stock, valued at approximately $1,664,000.

Other institutional investors also recently bought and sold shares of the company. Torren Management LLC bought a new position in Northrop Grumman during the fourth quarter valued at $26,000. Karpus Management Inc. purchased a new position in shares of Northrop Grumman during the 4th quarter worth about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Northrop Grumman during the 4th quarter worth about $29,000. Perkins Coie Trust Co bought a new position in Northrop Grumman during the 2nd quarter valued at about $29,000. Finally, Financial Life Planners bought a new position in Northrop Grumman during the 1st quarter valued at about $30,000. 83.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Northrop Grumman

In related news, Director Mark A. Welsh III sold 95 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by insiders.

Northrop Grumman Stock Down 0.1%

Shares of NYSE NOC opened at $585.18 on Monday. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00. The firm has a market capitalization of $83.11 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 3.79 and a beta of -0.11. The stock has a 50 day moving average price of $538.88 and a 200 day moving average price of $613.61. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company posted $8.15 EPS. Northrop Grumman’s revenue was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Sell-side analysts expect that Northrop Grumman Corporation will post 28.97 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. Investors of record on Monday, June 1st were issued a $2.47 dividend. The ex-dividend date was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 annualized dividend and a dividend yield of 1.7%. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Analysts Set New Price Targets

NOC has been the subject of several analyst reports. Citigroup raised their price objective on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research note on Thursday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 8th. The Goldman Sachs Group reduced their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Finally, TD Cowen dropped their price objective on Northrop Grumman from $580.00 to $550.00 and set a “hold” rating for the company in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $659.30.

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.