Northrop Grumman Corporation $NOC Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 7.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 61,436 shares of the aerospace company’s stock after acquiring an additional 4,041 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Northrop Grumman were worth $41,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Northrop Grumman in the fourth quarter valued at approximately $26,000. Karpus Management Inc. purchased a new stake in shares of Northrop Grumman during the 4th quarter worth approximately $26,000. Financial Life Planners purchased a new stake in shares of Northrop Grumman during the 3rd quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $29,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Northrop Grumman in the 4th quarter valued at $30,000. 83.40% of the stock is owned by institutional investors and hedge funds.

Northrop Grumman Stock Up 2.6%

Shares of NYSE:NOC opened at $508.69 on Wednesday. Northrop Grumman Corporation has a 1-year low of $489.52 and a 1-year high of $774.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The stock has a market cap of $72.25 billion, a P/E ratio of 15.92, a P/E/G ratio of 3.38 and a beta of -0.12. The firm has a fifty day moving average price of $549.66 and a 200 day moving average price of $627.55.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a net margin of 10.80% and a return on equity of 24.72%. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the previous year, the business posted $6.06 earnings per share. Northrop Grumman’s quarterly revenue was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Sell-side analysts predict that Northrop Grumman Corporation will post 27.95 EPS for the current year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were given a $2.47 dividend. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. The ex-dividend date was Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.9%. Northrop Grumman’s payout ratio is presently 30.92%.

Analyst Ratings Changes

NOC has been the topic of several research analyst reports. Wall Street Zen lowered shares of Northrop Grumman from a “strong-buy” rating to a “hold” rating in a research note on Saturday, April 25th. Jefferies Financial Group decreased their price objective on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research note on Friday, June 26th. UBS Group dropped their price objective on Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company assumed coverage on Northrop Grumman in a research report on Wednesday, April 1st. They set an “overweight” rating and a $800.00 target price on the stock. Finally, Weiss Ratings downgraded Northrop Grumman from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $700.53.

Northrop Grumman 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.