UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Northrop Grumman Corporation $NOC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Northrop Grumman Corporation (NYSE:NOC) by 0.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 665,263 shares of the aerospace company’s stock after selling 2,803 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Northrop Grumman were worth $338,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kestra Investment Management LLC grew its position in shares of Northrop Grumman by 4.4% during the fourth quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 15 shares in the last quarter. Evolution Wealth Management Inc. boosted its stake in Northrop Grumman by 6.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after purchasing an additional 15 shares during the period. Diversified Portfolios Inc. boosted its stake in Northrop Grumman by 0.9% in the 4th 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 during the period. South Plains Financial Inc. grew its holdings in Northrop Grumman by 1.8% during the 4th quarter. South Plains Financial Inc. now owns 896 shares of the aerospace company’s stock valued at $511,000 after buying an additional 16 shares in the last quarter. Finally, Tobias Financial Advisors Inc. raised its position in shares of Northrop Grumman by 4.7% during the fourth quarter. Tobias Financial Advisors Inc. now owns 379 shares of the aerospace company’s stock valued at $216,000 after buying an additional 17 shares during the last quarter. 83.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup boosted their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. UBS Group lifted their price target on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Raymond James Financial reiterated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. TD Cowen increased their price objective on shares of Northrop Grumman from $550.00 to $590.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $620.00 target price on shares of Northrop Grumman in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $661.30.

Northrop Grumman Price Performance

Northrop Grumman stock opened at $539.79 on Tuesday. Northrop Grumman Corporation has a 52-week low of $479.02 and a 52-week high of $774.00. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average is $542.99 and its 200 day moving average is $603.09. The company has a market cap of $76.67 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 3.53 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last issued its quarterly earnings data on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping 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 analysts’ expectations of $10.80 billion. During the same period last year, the company posted $8.15 EPS. The business’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 forecast that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a $2.47 dividend. 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 (DPR) is currently 31.39%.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total transaction of $52,015.35. Following the sale, the director directly owned 4,393 shares of the company’s stock, valued at $2,405,299.29. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.21% of the stock is owned by 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.