The Manufacturers Life Insurance Company Has $34.48 Million Stock Position in Northrop Grumman Corporation $NOC

The Manufacturers Life Insurance Company reduced its holdings in shares of Northrop Grumman Corporation (NYSE:NOC) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,703 shares of the aerospace company’s stock after selling 2,164 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Northrop Grumman were worth $34,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOC. Karpus Management Inc. bought a new stake in shares of Northrop Grumman in the fourth quarter worth $26,000. Perkins Coie Trust Co acquired a new stake in Northrop Grumman in the 2nd quarter valued at $29,000. Financial Life Planners acquired a new stake in Northrop Grumman in the 1st quarter valued at $30,000. Navigoe LLC acquired a new position in shares of Northrop Grumman during the 2nd quarter worth about $30,000. Finally, Plato Investment Management Ltd bought a new position in shares of Northrop Grumman in the 2nd quarter valued at about $30,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Stock Down 0.1%

Northrop Grumman stock opened at $518.19 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.17 and a quick ratio of 1.06. The company’s 50-day moving average is $543.96 and its 200-day moving average is $592.05. The firm has a market capitalization of $73.60 billion, a PE ratio of 16.46, a P/E/G ratio of 3.04 and a beta of -0.11. Northrop Grumman Corporation has a fifty-two week low of $479.02 and a fifty-two week high of $774.00.

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

Northrop Grumman Announces Dividend

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

Insider Activity at Northrop Grumman

In other 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 transaction of $52,015.35. Following the completion of the transaction, the director directly owned 4,393 shares in the company, valued at approximately $2,405,299.29. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird set a $500.00 target price on Northrop Grumman in a research report on Wednesday, July 22nd. Jefferies Financial Group reduced their price target on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Friday, June 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $653.00 price target on shares of Northrop Grumman in a research note on Wednesday, August 5th. Raymond James Financial reaffirmed an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Finally, TD Cowen upped their price objective on Northrop Grumman from $550.00 to $590.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $662.25.

Northrop Grumman Company Profile

Northrop Grumman Corporation is a global aerospace and defense company that develops and delivers systems, platforms and technologies for government and commercial customers. Its activities include the design and production of military aircraft, autonomous systems, spacecraft, launch vehicles, missile-defense systems, command-and-control networks, cyber solutions, sensors and other mission-critical technologies.

The company serves the U.S. Department of Defense, other U.S. government agencies and international customers.