Old Mission Investment Co LLC Takes Position in Northrop Grumman Corporation $NOC

Old Mission Investment Co LLC purchased a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,800 shares of the aerospace company’s stock, valued at approximately $917,000.

Several other institutional investors also recently added to or reduced their stakes in NOC. Karpus Management Inc. acquired a new stake in shares of Northrop Grumman in the fourth quarter valued at approximately $26,000. Perkins Coie Trust Co acquired a new position in shares of Northrop Grumman in the 2nd quarter valued at $29,000. Financial Life Planners acquired a new position in shares of Northrop Grumman in the 1st quarter valued at $30,000. Navigoe LLC purchased a new stake in Northrop Grumman in the 2nd quarter valued at $30,000. Finally, Plato Investment Management Ltd purchased a new stake in Northrop Grumman in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 83.40% of the company’s stock.

Northrop Grumman Stock Performance

Shares of NOC opened at $513.89 on Friday. The stock has a market capitalization of $72.99 billion, a P/E ratio of 16.32, a P/E/G ratio of 3.10 and a beta of -0.11. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.17. Northrop Grumman Corporation has a 1 year low of $479.02 and a 1 year high of $774.00. The company’s fifty day moving average is $544.64 and its two-hundred day moving average is $599.04.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, topping the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a net margin of 10.48% and a return on equity of 24.25%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. On average, sell-side analysts predict that Northrop Grumman Corporation will post 28.97 earnings per share for the current year.

Northrop Grumman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Monday, August 31st will be given a $2.47 dividend. The ex-dividend date is Monday, August 31st. This represents a $9.88 dividend on an annualized basis and a yield of 1.9%. Northrop Grumman’s dividend payout ratio (DPR) is presently 31.39%.

Insiders Place Their Bets

In other Northrop Grumman news, Director Mark Welsh, III sold 95 shares of Northrop Grumman stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $547.53, for a total value of $52,015.35. Following the sale, the director owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Susquehanna lowered their price objective on shares of Northrop Grumman from $785.00 to $655.00 and set a “positive” rating on the stock in a research report on Wednesday, July 22nd. Morgan Stanley set a $745.00 target price on shares of Northrop Grumman in a report on Wednesday, July 15th. Sanford C. Bernstein reiterated a “market perform” rating and set a $653.00 target price on shares of Northrop Grumman in a research note on Wednesday, August 5th. Weiss Ratings raised Northrop Grumman from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Finally, UBS Group boosted their price target on Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Northrop Grumman currently has an average rating of “Moderate Buy” and an average target price of $661.30.

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.