Northrop Grumman Corporation $NOC Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 53.7% in the first quarter, HoldingsChannel reports. The firm owned 77,347 shares of the aerospace company’s stock after selling 89,885 shares during the quarter. SG Americas Securities LLC’s holdings in Northrop Grumman were worth $52,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC lifted its stake 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 buying an additional 15 shares during the last quarter. Evolution Wealth Management Inc. increased its holdings 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 worth $134,000 after acquiring an additional 15 shares during the period. Howard Financial Services LTD. increased its holdings in shares of Northrop Grumman by 1.4% in the 4th quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock worth $651,000 after acquiring an additional 16 shares during the period. Frank Rimerman Advisors LLC lifted its position in Northrop Grumman by 0.8% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock valued at $1,125,000 after purchasing an additional 16 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in Northrop Grumman by 0.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock valued at $2,288,000 after purchasing an additional 16 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $507.03 on Tuesday. Northrop Grumman Corporation has a twelve month low of $481.28 and a twelve month high of $774.00. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $72.01 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 3.56 and a beta of -0.12. The firm has a 50-day moving average of $570.32 and a two-hundred day moving average of $629.62.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.75 billion. During the same quarter in the previous year, the company posted $6.06 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, analysts expect that Northrop Grumman Corporation will post 27.93 earnings per share 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 paid a $2.47 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is 30.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NOC shares. Wells Fargo & Company initiated coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They set an “overweight” rating and a $800.00 price objective on the stock. Morgan Stanley decreased their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Finally, Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Two research analysts have 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.com, the company currently has an average 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.