Wellspring Financial Advisors LLC Makes New Investment in Northrop Grumman Corporation $NOC

Wellspring Financial Advisors LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,297 shares of the aerospace company’s stock, valued at approximately $740,000.

A number of other institutional investors also recently added to or reduced their stakes in NOC. Brighton Jones LLC boosted its position in Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after acquiring an additional 1,895 shares during the period. Bison Wealth LLC boosted its position in Northrop Grumman by 5.3% during the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock worth $301,000 after acquiring an additional 32 shares during the period. Woodline Partners LP boosted its position in Northrop Grumman by 367.7% during the 1st quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after acquiring an additional 1,978 shares during the period. AXA S.A. boosted its position in Northrop Grumman by 1,487.8% during the 2nd quarter. AXA S.A. now owns 16,338 shares of the aerospace company’s stock worth $8,169,000 after acquiring an additional 15,309 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Northrop Grumman by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 8,865 shares of the aerospace company’s stock worth $4,432,000 after acquiring an additional 553 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley reduced their price target on Northrop Grumman from $765.00 to $745.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Citigroup dropped their price objective on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. BTIG Research reissued a “buy” rating and issued a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Northrop Grumman has an average rating of “Moderate Buy” and a consensus price target of $702.63.

Northrop Grumman Stock Down 1.1%

NOC opened at $542.55 on Thursday. Northrop Grumman Corporation has a one year low of $472.02 and a one year high of $774.00. 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 stock’s fifty day moving average is $595.41 and its 200-day moving average is $631.06. The company has a market capitalization of $77.06 billion, a PE ratio of 16.98, a P/E/G ratio of 3.74 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 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.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 business earned $6.06 EPS. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, equities analysts predict that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be given a dividend of $2.47 per share. 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. The ex-dividend date of this dividend is Monday, June 1st. Northrop Grumman’s payout ratio is presently 30.92%.

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.