Ameriprise Financial Inc. Boosts Position in Northrop Grumman Corporation $NOC

Ameriprise Financial Inc. grew its stake in shares of Northrop Grumman Corporation (NYSE:NOC) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,624,658 shares of the aerospace company’s stock after buying an additional 4,844 shares during the period. Ameriprise Financial Inc. owned 1.14% of Northrop Grumman worth $990,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Financial Services LTD. lifted its holdings in shares of Northrop Grumman by 1.5% during the 3rd quarter. Howard Financial Services LTD. now owns 1,127 shares of the aerospace company’s stock worth $687,000 after acquiring an additional 17 shares during the last quarter. West Wealth Group LLC lifted its stake in Northrop Grumman by 4.3% in the third quarter. West Wealth Group LLC now owns 412 shares of the aerospace company’s stock worth $251,000 after purchasing an additional 17 shares during the last quarter. Dakota Community Bank & Trust NA lifted its position in Northrop Grumman by 6.9% in the third quarter. Dakota Community Bank & Trust NA now owns 278 shares of the aerospace company’s stock valued at $169,000 after purchasing an additional 18 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Northrop Grumman by 1.3% during the third quarter. Chesley Taft & Associates LLC now owns 1,375 shares of the aerospace company’s stock valued at $838,000 after acquiring an additional 18 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Northrop Grumman by 0.9% during the third quarter. Capital Investment Advisors LLC now owns 2,067 shares of the aerospace company’s stock worth $1,259,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $727.00 price target on shares of Northrop Grumman in a research note on Monday, January 12th. Vertical Research reiterated a “hold” rating and set a $688.00 price objective on shares of Northrop Grumman in a research note on Tuesday, January 27th. Citigroup boosted their target price on Northrop Grumman from $715.00 to $781.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Northrop Grumman in a research note on Wednesday, December 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $765.00 price target on shares of Northrop Grumman in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $693.60.

Northrop Grumman Price Performance

Shares of NOC opened at $733.88 on Friday. The company has a market capitalization of $104.15 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 5.45 and a beta of 0.03. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $691.50 and a 200 day moving average of $619.58. Northrop Grumman Corporation has a twelve month low of $450.13 and a twelve month high of $774.00.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, January 27th. The aerospace company reported $7.23 EPS for the quarter, beating the consensus estimate of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The company had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period last year, the firm posted $6.39 earnings per share. Northrop Grumman’s revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. As a group, equities research analysts anticipate that Northrop Grumman Corporation will post 28.05 earnings per share for the current fiscal year.

Northrop Grumman Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd were issued a dividend of $2.31 per share. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, February 23rd. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.72%.

Insider Activity at Northrop Grumman

In other news, Director Mark A. Welsh III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $684.52, for a total value of $65,029.40. Following the completion of the sale, the director directly owned 4,203 shares in the company, valued at $2,877,037.56. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kathy J. Warden sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $708.82, for a total transaction of $14,176,400.00. Following the transaction, the chief executive officer directly owned 171,602 shares of the company’s stock, valued at $121,634,929.64. The trade was a 10.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 32,431 shares of company stock worth $21,969,404. 0.23% of the stock is owned by insiders.

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.