Flputnam Investment Management Co. Purchases New Stake in Northrop Grumman Corporation $NOC

Flputnam Investment Management Co. acquired a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,865 shares of the aerospace company’s stock, valued at approximately $950,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NOC. Kestra Investment Management LLC raised its position in Northrop Grumman by 4.4% in the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 15 shares during the period. Evolution Wealth Management Inc. boosted its stake in shares of Northrop Grumman by 6.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock valued at $134,000 after buying an additional 15 shares during the period. Golden State Equity Partners grew its holdings in Northrop Grumman by 1.2% during the 4th quarter. Golden State Equity Partners now owns 1,337 shares of the aerospace company’s stock worth $762,000 after acquiring an additional 16 shares in the last quarter. Diversified Portfolios Inc. grew its stake in shares of Northrop Grumman by 0.9% during the fourth quarter. Diversified Portfolios Inc. now owns 1,789 shares of the aerospace company’s stock worth $1,020,000 after purchasing an additional 16 shares in the last quarter. Finally, South Plains Financial Inc. increased its holdings in shares of Northrop Grumman by 1.8% in the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock valued at $511,000 after acquiring an additional 16 shares during the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $547.53, for a total value of $52,015.35. Following the transaction, the director directly owned 4,393 shares in the company, valued at $2,405,299.29. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 currently owned by company insiders.

Wall Street Analyst Weigh In

NOC has been the subject of several recent analyst reports. Weiss Ratings cut Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Morgan Stanley set a $745.00 price objective on shares of Northrop Grumman in a research report on Wednesday, July 15th. The Goldman Sachs Group dropped their target price on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. UBS Group boosted their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $615.00 price objective on Northrop Grumman in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $659.30.

Northrop Grumman Stock Down 2.6%

Northrop Grumman stock opened at $570.59 on Tuesday. Northrop Grumman Corporation has a twelve month low of $479.02 and a twelve month high of $774.00. The stock has a 50 day moving average of $539.49 and a two-hundred day moving average of $612.84. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $81.04 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the company posted $8.15 earnings per share. 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. As a group, research analysts expect that Northrop Grumman Corporation will post 28.97 earnings per share 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.