Fox Run Management L.L.C. Purchases New Shares in Northrop Grumman Corporation $NOC

Fox Run Management L.L.C. purchased a new stake in Northrop Grumman Corporation (NYSE:NOC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,209 shares of the aerospace company’s stock, valued at approximately $2,400,000. Northrop Grumman makes up approximately 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 14th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of NOC. Torren Management LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at about $26,000. Financial Life Planners acquired a new position in shares of Northrop Grumman in the third quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Northrop Grumman in the fourth quarter valued at about $29,000. Hopwood Financial Services Inc. acquired a new position in shares of Northrop Grumman in the third quarter valued at about $30,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Northrop Grumman in the third quarter valued at about $32,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Trading Down 0.8%

Shares of Northrop Grumman stock opened at $539.96 on Tuesday. The firm’s 50-day moving average price is $600.59 and its two-hundred day moving average price is $631.37. Northrop Grumman Corporation has a 12-month low of $472.02 and a 12-month high of $774.00. The company has a quick ratio of 1.04, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $76.69 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 3.71 and a beta of -0.12.

Northrop Grumman (NYSE:NOC) last posted its quarterly earnings results on Tuesday, April 21st. The aerospace company reported $6.14 earnings per share 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 the consensus estimate of $9.75 billion. During the same period last year, the company posted $6.06 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, analysts forecast that Northrop Grumman Corporation will post 27.93 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Monday, June 1st will be paid a $2.47 dividend. 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. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio is 30.92%.

Analyst Upgrades and Downgrades

NOC has been the topic of several research reports. Wells Fargo & Company started coverage on shares of Northrop Grumman in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 price target on the stock. Argus set a $785.00 price objective on shares of Northrop Grumman in a research note on Tuesday, February 10th. Weiss Ratings downgraded shares of Northrop Grumman from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Citigroup reduced their price objective on shares of Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, BTIG Research reiterated a “buy” rating and set a $815.00 price objective on shares of Northrop Grumman in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued 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 $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.