Meadowbrook Advisors Group LLC Purchases New Shares in Northrop Grumman Corporation $NOC

Meadowbrook Advisors Group LLC purchased a new position in Northrop Grumman Corporation (NYSE:NOC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,100 shares of the aerospace company’s stock, valued at approximately $627,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOC. Corient Private Wealth LLC increased its position in shares of Northrop Grumman by 13.6% in the fourth quarter. Corient Private Wealth LLC now owns 77,515 shares of the aerospace company’s stock worth $44,205,000 after acquiring an additional 9,272 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Northrop Grumman by 6.4% in the 4th quarter. Hsbc Holdings PLC now owns 353,291 shares of the aerospace company’s stock valued at $201,684,000 after acquiring an additional 21,217 shares in the last quarter. Pure Financial Advisors LLC lifted its position in shares of Northrop Grumman by 0.9% in the 4th quarter. Pure Financial Advisors LLC now owns 4,059 shares of the aerospace company’s stock valued at $2,314,000 after acquiring an additional 38 shares in the last quarter. SHP Wealth Management acquired a new position in Northrop Grumman in the 4th quarter worth approximately $73,000. Finally, Strategic Investment Solutions Inc. IL boosted its stake in Northrop Grumman by 17.4% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 709 shares of the aerospace company’s stock worth $404,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Up 0.1%

Northrop Grumman stock opened at $521.85 on Friday. Northrop Grumman Corporation has a twelve month low of $481.28 and a twelve month high of $774.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.04 and a current ratio of 1.15. The firm has a market cap of $74.12 billion, a PE ratio of 16.33, a P/E/G ratio of 3.56 and a beta of -0.12. The firm’s 50 day moving average price is $574.00 and its two-hundred day moving average price is $629.31.

Northrop Grumman (NYSE:NOC) last issued its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter last year, the business posted $6.06 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a dividend of $2.47 per share. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. Northrop Grumman’s payout ratio is 30.92%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NOC shares. UBS Group cut their target price on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen lowered Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings cut Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Jefferies Financial Group lowered their price target on Northrop Grumman from $660.00 to $620.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Finally, Wells Fargo & Company started coverage on Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Northrop Grumman presently has a consensus rating of “Moderate Buy” and a consensus price target of $702.63.

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.