GSA Capital Partners LLP Invests $5.25 Million in Northrop Grumman Corporation $NOC

GSA Capital Partners LLP purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,314 shares of the aerospace company’s stock, valued at approximately $5,253,000. Northrop Grumman comprises about 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stoneridge Investment Partners LLC acquired a new stake in Northrop Grumman in the 2nd quarter worth about $586,000. Avalon Trust Co acquired a new position in shares of Northrop Grumman during the second quarter valued at approximately $3,646,000. Family Legacy Inc. acquired a new position in shares of Northrop Grumman during the second quarter valued at approximately $3,067,000. Bridgewater Advisors Inc. purchased a new position in shares of Northrop Grumman in the second quarter valued at approximately $274,000. Finally, SFE Investment Counsel purchased a new position in shares of Northrop Grumman in the second quarter valued at approximately $401,000. 83.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

NOC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $615.00 price target on Northrop Grumman in a research report on Wednesday, July 22nd. The Goldman Sachs Group decreased their price objective on Northrop Grumman from $603.00 to $533.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Citigroup lifted their target price on shares of Northrop Grumman from $617.00 to $667.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen lowered their target price on shares of Northrop Grumman from $580.00 to $550.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman presently has an average rating of “Moderate Buy” and an average price target of $659.30.

Northrop Grumman Trading Up 1.8%

Shares of Northrop Grumman stock opened at $585.18 on Friday. The stock has a market cap of $83.12 billion, a P/E ratio of 18.59, a P/E/G ratio of 3.79 and a beta of -0.11. The stock’s 50 day simple moving average is $538.88 and its 200-day simple moving average is $613.93. Northrop Grumman Corporation has a 1-year low of $479.02 and a 1-year high of $774.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06.

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

Northrop Grumman Increases Dividend

The business 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. This represents a $9.88 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, June 1st. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.39%.

Northrop Grumman Company 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.