20,191 Shares in Northrop Grumman Corporation $NOC Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,191 shares of the aerospace company’s stock, valued at approximately $10,283,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Northrop Grumman during the second quarter worth about $6,001,616,000. Capital World Investors increased its stake in Northrop Grumman by 39.4% in the 4th quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after purchasing an additional 970,029 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Northrop Grumman during the 2nd quarter worth $376,135,000. J. Stern & Co. LLP raised its position in Northrop Grumman by 56,920.9% during the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after acquiring an additional 421,215 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in shares of Northrop Grumman during the 2nd quarter worth approximately $194,058,000. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Insider Activity

In other 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 transaction of $52,015.35. Following the completion of the transaction, the director owned 4,393 shares in the company, valued at approximately $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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NOC shares. Robert W. Baird set a $500.00 target price on shares of Northrop Grumman in a research note on Wednesday, July 22nd. Morgan Stanley set a $745.00 target price on Northrop Grumman in a research report on Wednesday, July 15th. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a report on Monday, June 15th. Citigroup boosted their price objective on Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $659.30.

Northrop Grumman Stock Performance

Shares of NOC opened at $570.59 on Tuesday. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The business’s fifty day moving average price is $539.49 and its 200 day moving average price is $612.84. 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 stock has a market capitalization of $81.04 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data 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 net margin of 10.48% and a return on equity of 24.25%. The business 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 firm earned $8.15 EPS. The company’s revenue for the quarter 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. Equities research analysts forecast that Northrop Grumman Corporation will post 28.97 EPS for the current year.

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.