Peachtree Investment Partners LLC Makes New $2.33 Million Investment in Northrop Grumman Corporation $NOC

Peachtree Investment Partners LLC bought a new position in Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,581 shares of the aerospace company’s stock, valued at approximately $2,333,000. Northrop Grumman comprises 0.7% of Peachtree Investment Partners LLC’s holdings, making the stock its 23rd largest holding.

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

Analyst Upgrades and Downgrades

NOC has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their target price on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 8th. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 15th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $653.00 target price on shares of Northrop Grumman in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $659.30.

Northrop Grumman Stock Down 0.1%

Shares of NYSE NOC opened at $585.18 on Monday. Northrop Grumman Corporation has a one year low of $479.02 and a one year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The business’s fifty day moving average price is $538.88 and its 200-day moving average price is $613.61. The stock has a market capitalization of $83.11 billion, a PE ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share for the quarter, topping the consensus estimate of $6.82 by $0.86. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The company had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company earned $8.15 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, equities research analysts anticipate that Northrop Grumman Corporation will post 28.97 EPS for the current year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were given a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Insiders Place Their Bets

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman 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 transaction, the director owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by corporate insiders.

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.