Northrop Grumman Corporation $NOC Stake Lowered by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 25.3% during the first quarter, Holdings Channel reports. The firm owned 22,094 shares of the aerospace company’s stock after selling 7,476 shares during the period. Northrop Grumman comprises about 1.4% of Telos Capital Management Inc.’s holdings, making the stock its 17th largest position. Telos Capital Management Inc.’s holdings in Northrop Grumman were worth $15,073,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Financial Management Network Inc. acquired a new position in Northrop Grumman during the 1st quarter valued at approximately $312,000. Brookstone Capital Management increased its position in Northrop Grumman by 1.9% in the first quarter. Brookstone Capital Management now owns 7,121 shares of the aerospace company’s stock worth $4,858,000 after buying an additional 131 shares during the period. Smith Salley Wealth Management increased its position in Northrop Grumman by 1.0% in the first quarter. Smith Salley Wealth Management now owns 21,361 shares of the aerospace company’s stock worth $14,574,000 after buying an additional 202 shares during the period. CPR Investments Inc. bought a new stake in Northrop Grumman in the first quarter valued at $322,000. Finally, Evolve Private Wealth LLC boosted its holdings in shares of Northrop Grumman by 153.3% during the first quarter. Evolve Private Wealth LLC now owns 1,867 shares of the aerospace company’s stock valued at $1,274,000 after acquiring an additional 1,130 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Price Performance

Shares of NOC opened at $507.03 on Tuesday. Northrop Grumman Corporation has a one year low of $481.28 and a one year high of $774.00. The stock’s fifty day moving average is $570.32 and its 200-day moving average is $629.62. 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 capitalization of $72.01 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 3.56 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $6.06 by $0.08. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Equities analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders 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 dividend yield of 1.9%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is currently 30.92%.

Wall Street Analyst Weigh In

NOC has been the subject of several recent research reports. Morgan Stanley lowered their price target 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. BTIG Research reissued a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Jefferies Financial Group decreased their target price on shares of Northrop Grumman from $660.00 to $620.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price target on the stock. Finally, UBS Group cut their price target on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.