ING Groep NV Purchases 12,238 Shares of Northrop Grumman Corporation $NOC

ING Groep NV grew its position in Northrop Grumman Corporation (NYSE:NOC) by 70.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 29,638 shares of the aerospace company’s stock after acquiring an additional 12,238 shares during the period. ING Groep NV’s holdings in Northrop Grumman were worth $16,900,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Capital World Investors boosted its position 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 worth $1,958,151,000 after purchasing an additional 970,029 shares during the period. Capital Research Global Investors boosted its position in shares of Northrop Grumman by 2.2% in the fourth quarter. Capital Research Global Investors now owns 1,519 shares of the aerospace company’s stock worth $866,000 after purchasing an additional 33 shares during the period. Capital International Sarl boosted its position in shares of Northrop Grumman by 34.0% in the fourth quarter. Capital International Sarl now owns 89,961 shares of the aerospace company’s stock worth $51,297,000 after purchasing an additional 22,818 shares during the period. Capital Group Investment Management PTE. LTD. boosted its position in shares of Northrop Grumman by 35.9% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 10,585 shares of the aerospace company’s stock worth $6,036,000 after purchasing an additional 2,797 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in shares of Northrop Grumman by 77.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 86,882 shares of the aerospace company’s stock worth $50,270,000 after purchasing an additional 37,959 shares during the period. 83.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NOC. Wells Fargo & Company began coverage on shares of Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price on the stock. Argus set a $785.00 target price on shares of Northrop Grumman in a report on Tuesday, February 10th. Morgan Stanley lowered their target price on shares of Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Wall Street Zen downgraded shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, BTIG Research reissued a “buy” rating and issued a $815.00 target price on shares of Northrop Grumman in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $702.63.

Northrop Grumman Price Performance

NOC stock opened at $544.73 on Monday. Northrop Grumman Corporation has a one year low of $472.02 and a one year high of $774.00. The company’s fifty day moving average price is $603.63 and its 200-day moving average price is $631.56. 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 company has a market capitalization of $77.37 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.71 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping the consensus estimate of $6.06 by $0.08. The firm had revenue of $9.88 billion for 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 previous year, the firm earned $6.06 earnings per share. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts anticipate that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Monday, June 1st will be paid a dividend of $2.47 per share. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 1.8%. Northrop Grumman’s payout ratio is currently 30.92%.

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.