Old West Investment Management LLC Makes New Investment in Northrop Grumman Corporation $NOC

Old West Investment Management LLC bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,203 shares of the aerospace company’s stock, valued at approximately $12,327,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Life Planners bought a new position in Northrop Grumman in the first quarter worth approximately $30,000. Torren Management LLC purchased a new position in Northrop Grumman during the 4th quarter worth $26,000. Karpus Management Inc. bought a new stake in Northrop Grumman during the 4th quarter valued at $26,000. Whipplewood Advisors LLC raised its position in Northrop Grumman by 380.0% during the 1st quarter. Whipplewood Advisors LLC now owns 48 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 38 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Northrop Grumman in the 4th quarter worth $29,000. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Stock Down 0.1%

Shares of NYSE NOC opened at $585.18 on Monday. Northrop Grumman Corporation has a 12-month low of $479.02 and a 12-month high of $774.00. The stock’s fifty day simple moving average is $538.88 and its two-hundred day simple moving average is $613.61. The stock has a market capitalization of $83.11 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 3.79 and a beta of -0.11. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last released its quarterly 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 firm had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. As a group, analysts expect that Northrop Grumman Corporation will post 28.97 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a $2.47 dividend. 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 yield of 1.7%. The ex-dividend date was Monday, June 1st. Northrop Grumman’s dividend payout ratio is presently 31.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $745.00 price target on Northrop Grumman in a research report on Wednesday, July 15th. Weiss Ratings downgraded Northrop Grumman from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Robert W. Baird set a $500.00 price objective on shares of Northrop Grumman in a research note on Wednesday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $653.00 target price on shares of Northrop Grumman in a report on Wednesday, August 5th. Finally, Jefferies Financial Group cut their target price on shares of Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Northrop Grumman has a consensus rating of “Moderate Buy” and an average price target of $659.30.

Insider Activity at Northrop Grumman

In other Northrop Grumman news, Director Mark A. Welsh III sold 95 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $547.53, for a total transaction of $52,015.35. Following the completion of the sale, the director directly owned 4,393 shares of the company’s stock, valued at approximately $2,405,299.29. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.21% of the company’s stock.

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.