Western Wealth Management LLC Purchases 1,639 Shares of Northrop Grumman Corporation $NOC

Western Wealth Management LLC raised its position in Northrop Grumman Corporation (NYSE:NOC) by 54.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,675 shares of the aerospace company’s stock after buying an additional 1,639 shares during the quarter. Western Wealth Management LLC’s holdings in Northrop Grumman were worth $3,190,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Northrop Grumman by 39.4% in the fourth quarter. Capital World Investors now owns 3,434,041 shares of the aerospace company’s stock valued at $1,958,151,000 after acquiring an additional 970,029 shares in the last quarter. J. Stern & Co. LLP increased its position in Northrop Grumman by 56,920.9% during the fourth quarter. J. Stern & Co. LLP now owns 421,955 shares of the aerospace company’s stock worth $240,603,000 after acquiring an additional 421,215 shares during the period. Jennison Associates LLC raised its stake in Northrop Grumman by 272.8% in the 4th quarter. Jennison Associates LLC now owns 401,664 shares of the aerospace company’s stock worth $229,033,000 after purchasing an additional 293,909 shares in the last quarter. Vanguard Group Inc. raised its stake in Northrop Grumman by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 13,740,721 shares of the aerospace company’s stock worth $7,835,097,000 after purchasing an additional 209,135 shares in the last quarter. Finally, M&T Bank Corp boosted its holdings in Northrop Grumman by 1,086.5% in the 4th quarter. M&T Bank Corp now owns 192,583 shares of the aerospace company’s stock valued at $109,813,000 after purchasing an additional 176,352 shares during the period. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of Northrop Grumman stock opened at $543.87 on Friday. The company has a 50 day moving average of $534.71 and a 200-day moving average of $620.03. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $77.25 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 3.46 and a beta of -0.10.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $7.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $0.86. The business had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, equities research analysts forecast that Northrop Grumman Corporation will post 28.97 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued 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 1.8%. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Analyst Ratings Changes

NOC has been the topic of several recent research reports. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a report on Wednesday, July 15th. The Goldman Sachs Group reduced their price target on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research note on Monday, June 15th. Weiss Ratings raised Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $615.00 target price on Northrop Grumman in a research report on Wednesday, July 22nd. One research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $659.00.

About Northrop Grumman

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.