Harbour Investments Inc. Acquires 5,887 Shares of Northrop Grumman Corporation $NOC

Harbour Investments Inc. lifted its holdings in Northrop Grumman Corporation (NYSE:NOC) by 228.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,463 shares of the aerospace company’s stock after buying an additional 5,887 shares during the period. Harbour Investments Inc.’s holdings in Northrop Grumman were worth $4,825,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Financial Life Planners bought a new stake in shares of Northrop Grumman in the 3rd quarter worth about $27,000. Torren Management LLC bought a new position in Northrop Grumman during the 4th quarter valued at about $26,000. Physician Wealth Advisors Inc. grew its holdings in Northrop Grumman by 200.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 48 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 32 shares during the last quarter. Hopwood Financial Services Inc. bought a new position in Northrop Grumman during the 3rd quarter valued at about $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Northrop Grumman during the 4th quarter valued at about $29,000. 83.40% of the stock is currently owned by institutional investors.

Northrop Grumman Price Performance

NYSE NOC opened at $557.96 on Wednesday. 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 firm’s 50 day moving average price is $629.49 and its 200-day moving average price is $632.56. Northrop Grumman Corporation has a 52-week low of $468.50 and a 52-week high of $774.00. The company has a market cap of $79.25 billion, a PE ratio of 17.46, a P/E/G ratio of 3.79 and a beta of -0.11.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share (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 firm had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. During the same period last year, the firm earned $6.06 earnings per share. The company’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 forecast that Northrop Grumman Corporation will post 27.93 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be paid a dividend of $2.47 per share. This is a boost from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, June 1st. Northrop Grumman’s payout ratio is 28.92%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NOC shares. Vertical Research reiterated a “hold” rating and set a $688.00 price target on shares of Northrop Grumman in a report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Northrop Grumman in a report on Monday, March 23rd. Argus set a $785.00 price target on shares of Northrop Grumman in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $765.00 price target on shares of Northrop Grumman in a report on Thursday, January 29th. Finally, Wells Fargo & Company assumed coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $702.63.

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.