Rakuten Investment Management Inc. Buys New Shares in Northrop Grumman Corporation $NOC

Rakuten Investment Management Inc. purchased a new stake in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,972 shares of the aerospace company’s stock, valued at approximately $10,899,000.

A number of other large investors have also recently bought and sold shares of NOC. Torren Management LLC bought a new stake in shares of Northrop Grumman during the 4th quarter valued at about $26,000. Karpus Management Inc. acquired a new stake in Northrop Grumman during the fourth quarter worth approximately $26,000. Perkins Coie Trust Co bought a new stake in Northrop Grumman in the second quarter worth approximately $29,000. Financial Life Planners bought a new stake in Northrop Grumman in the first quarter worth approximately $30,000. Finally, Navigoe LLC acquired a new position in Northrop Grumman in the second quarter valued at approximately $30,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOC has been the topic of a number of research analyst reports. Susquehanna cut their price target on Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a report on Wednesday, July 22nd. UBS Group lifted their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. TD Cowen raised their price target on shares of Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Finally, The Goldman Sachs Group reduced their price target on shares of Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $661.30.

Northrop Grumman Trading Up 0.1%

Shares of Northrop Grumman stock opened at $545.83 on Friday. 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 Corporation has a 52 week low of $479.02 and a 52 week high of $774.00. The stock has a 50 day moving average price of $542.33 and a two-hundred day moving average price of $604.78. The stock has a market capitalization of $77.52 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 3.53 and a beta of -0.11.

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, topping 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 company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the firm earned $8.15 earnings per share. Northrop Grumman’s revenue for the quarter was up 5.1% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities analysts anticipate that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Monday, August 31st will be issued a dividend of $2.47 per share. The ex-dividend date is Monday, August 31st. This represents a $9.88 annualized dividend and a yield of 1.8%. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the firm’s 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 of the company’s stock, valued at approximately $2,405,299.29. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

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.